View more on these topics

Bootle predicts 0.5% base rate for next five years

Roger Bootle, the managing director of Capital Economics, forecasts that interest rates in Britain will remain at their current level for the next five years.

He made the prediction at an investment summit in Dublin held by Mortgage Strategy’s sister publication Fund Strategy.

Bootle, one of the few economists to predict the current crisis, says that while the market expects rates to rise soon—exceeding 3% by the end of 2011—he anticipates no change in American, eurozone or Japanese rates in the next two years at least.

But in Britain he is confident rates will remain at 1% for the length of any new parliament.

To read the story in full, click here.


Northern Rock significantly improves its mortgages

Following on quickly from the significant improvement (reported in the previous blog post) to Woolwich’s lifetime tracker rate, Northern Rock is also getting in on the act with several good improvements to its product range from tomorrow.

Kensington joins mortgage support scheme

Kensington Mortgages has joined the government’s Homeowner Mortgage Support Scheme which allows struggling borrowers to defer their payments for up to two years.


News and expert analysis straight to your inbox

Sign up