Saturday, Apr 21, 2007
Things are slowing!!
business.scotsman.com: Rising interest rates hit those buying a home
YET more bad news for anyone thinking of buying a new house or coming to the end of their mortgage deal.
Major lenders have been pulling their fixed-rate deals over fears of imminent increases in the Bank base rate.
With the Consumer Price Index for inflation jumping to 3.1 per cent this week, most commentators are predicting an increase in the Bank base rate from 5.25 per cent to 5.5 per cent as early as next month.
Lenders have been quick off the mark in withdrawing their fixed-rate deals - a move that will prevent home buyers protecting themselves against the expected interest rate hikes.
Posted by cash_buyer @ 09:49 AM (168 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.