Interest Rate Cut Too Close to Call
The week ahead is an important one for those with variable rate mortgages, as once again the Bank of England Monetary Policy Committee will meet and decide whether or not to impose a cut in the base interest rate.
Many economists believe that a cut is the clear choice, given the continued retail slowdown, but others state that recovering optimism amongst British companies and an increase in the number of mortgage approvals means the base rate should be held. A minority supporting an interest rate rise to curb inflationary factors.
The recent recovery in the world economy would seem to bear out a decision to leave the base interest rate alone, but we’ll have to wait until this Wednesdays and Thursdays meetings of the MPC to find out, and you can rest assured we’ll keep you posted on this important topic for mortgage borrowers across the UK.
July 31, 2005
For those who are self employed or make additional incomes that are not usually acknowledged by most lenders, a self certifying mortgage is a great choice.
Whereas most banks and lending institutions require very specific information about your income, a self cert mortgage allows you to state your own yearly earnings.
11/13/06 [
Self Cert Mortgage
]
Following a very successful 14 months online, Open Choice Mortgages website has received a mild makeover by original web design company Cameron Cain.
The makeover co-incides with OCM's transition to the Xaraya CMS and Web Development Framework.
09/11/06 [
OCM
]
Right to Buy Mortgages for UK Council Tenants just got a whole lot simpler with Open Choice Mortgages new 3 Step solution.
Right to Buy Made Simple makes buying your council owned home as easy as 1, 2, 3 - you just sit back relax while we do all the hard work.
02/02/06 [
Right to Buy Mortgage
]
Open Choice Mortgages is authorised & regulated by: The Financial Services Authority 310073
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or other loan secured upon it.
