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Interest rates kept on hold at 0.5%

The Bank of England’s Monetary Policy Committee has today voted to keep the base rate on hold at 0.5%.

The MPC also opted to maintain the size of the Asset Purchase Programme at £200bn.

Interest rates have been on hold at 0.5% since March 2009.

Minutes from April’s MPC meeting revealed three members voted for a rate rise, the same number as in March.


Landlords are still being held back by lack of funding

A lack of mortgage finance is con-tinuing to restrict the buy-to-let sector’s ability to expand, says Paragon Mortgages. With the publication of its latest Private Rented Sector Trends report last week, Paragon chief executive Nigel Terrington warned it was vital the shortfall in funding was addressed to create a healthy and vibrant buy-to-let market. The […]

Paradigm warns on saving account related mortgages

Paradigm Mortgage Services has urged mortgage brokers to inform and educate their potential first-time buyer client base about current and saving account-related mortgages and whether they truly represent the most suitable option for their needs.


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