UK Interests Rates To Stay Low

More news about the UK Property market from Dibben and Dibben - record numbers of home buyers and owners can look forward to enjoyong the low interest rates until at least the end of next year, econimic experts predicted this week. The Bank of England will be forced to keep them at 0.5 per cent throughout 2010 to balance low inflation and counter expected tax rises.

The news that maintaining interest rates at current levels is “almost inevitable” will be a boost to consumers struggling through the recession. However, savers are likely to be dismayed by the forecast, particularly those who rely on the interest from their savings to supplement their income.

It is generally considered that this will be a shot in the arm for public confidence, not least because home owners will take advantage of low rates to overpay their mortgage and pay it off early. If the interest rates remains at such a low figure then it is certainly good news for the property market. First-time buyers and home movers will be encouraged to enter the market knowing their repayments aren’t going to shoot up.

Looking for an Estate Agents in Fareham or an Estate Agents In Southampton, then look no further than Dibben and Dibben established Estate Agents in Hampshire for over 20 years. When searching for a house for sale in fareham or a house for sale in southampton - Dibben and Dibben.

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