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Base rate remains at 0.5% for 73rd month in a row

The Bank of England has voted to maintain its base rate, marking 73 consecutive months at 0.5 per cent.

The MPC also voted to keep quantitative easing programmes at £375bn, a level that has been maintained since July 2012 when it was increased by £50bn.

The Bank’s base rate has sat at 0.5 per cent since March 2009.

Legal & General Mortgage Club director Stephen Smith says: “At the moment there are some very competitive deals around and anyone who is thinking about moving house or who is coming to the end of a mortgage deal should speak to a broker now about which deal would be right for them. 

”Those who wait until interest rates start to rise risk missing out on the best deals as banks will raise their rates long before the Bank of England makes an announcement.”


Mark Graves Pink 2015

Lenders should make IP an ‘essential part of taking out a mortgage’

Lenders should insist that borrowers have protection in place to ensure they can continue to pay their mortgage if they become unable to work because of illness, say experts. Presently, the Bank of England’s Financial Policy Committee insists that lenders check to ensure borrowers can withstand an increase in interest rates. But Pink director Mark […]


Analysis: Help to Buy Isa may be a winning brand

The evidence suggests the Help to Buy Isa is a winning brand and now we have an explicit link between a savings product and a mortgage product. The Budget paperwork was fuller on the savings end of the idea than the mortgage end so lenders can expect to work with Government officials to hammer out […]

Leader: Time to be bold on IP

Protection is rarely given the same amount of airtime as mortgages but, in recent weeks, several high-profile industry names have waded in to the debate on improving take-up. The so-called ‘protection gap’ – the amount by which people are under-insured – is measured in trillions, not billions, of pounds. There are passionate people in the […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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