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Wednesday, July 22
Bank unanimous on rate decision
by
Jet-to-Let Magazine
on Wed 22 Jul 2009 15:15 BST
The Bank of England's interest rate setters voted unanimously to hold interest rates at the record low of 0.5% earlier this month. The Monetary Policy Committee (MPC) also agreed to maintain its £125bn quantitative easing (QE) programme. Minutes of the committee's July meeting showed it expected growth data for the ... more » Tuesday, July 21
Long-term fixed rate mortgages come to an end
by
Jet-to-Let Magazine
on Tue 21 Jul 2009 16:23 BST
The long-term fixed rate mortgage market has come to an end, as Manchester Building Society withdraws its 30-year fixed rate product. Now, according to Moneyfacts.co.uk, the longest period which a borrower can fix their mortgage for is 15 years. In July 2007, Prime Minister Gordon Brown said that longer term ... more » |
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