Base rate continues to stay at 0.5%
Thursday, August 6th, 2009
The Bank of England has just announced that it is keeping the base rate at 0.5% for the sixth month in a row. It is widely expected that the rate may stay this low for at least the rest of the year.
Despite this, mortgage deals are still only available at around 4% on fixed rate options, and you need a 25% deposit to secure the best deals.