Month: October 2011

Best Mortgage Deal


Buy to let interest only mortgage. 75% loan to value, tracker rate of 3.39%, arrangement fee of 3%, no early redemption penalties after 12 months (subject to terms).

Bank of England maintains Bank Rate at 0.5%

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £75 billion to a total of £275 billion. The minutes of the meeting will be published on Wednesday 19th October 2011.