Thursday, March 6, 2008
Stuartz most desperate and comical Assetz plea yet
The Bank of England’s decision to leave rates unchanged offers little relief to homebuyers, housing commentators have warned. The decision to leave rates at 5.25% during March was delivered on the same day as Halifax figures showing that house prices fell a further 0.3% in February. Stuart Law of property investment company Assetz said that the bank’s monetary policy committee (MPC) failed to appreciate the depth of homeowners’ financial difficulties.