 |
|
|
||
|
|
|
Buy to Let MortgagesWith UK inflation rising there has been several concerns in the financial markets. It seems that UK inflation is rising above the peak and that means the Bank of England is going to cut the base rate again. At least that is the prediction at the moment. Henk Potts is an analyst with Barclay. He suggested that the inflation will rise high enough that the CPI is going to hit three percent and may increase as much as 4 percent. There are several factors that are making inflation rise. The slow growth is just part of that whole thing. Based on the current market and the peak it will surpass there are certain things you might need to look at if you are trying to get a mortgage. If the Bank of England does cut the base rate this could pass savings on to those who need a mortgage. More specifically Henk says that the Buy to Let mortgages are due to have a lower cost because of these cuts. The Bank of England inflation survey says about 45 percent of those surveyed believe it is best for the economy if the rates are cut. Buy to let mortgages are not the only thing that we will see rate cuts on. The commercial mortgages are going to drop as well if the rate is cut. This is because the housing market is not conducive for buyers at the moment, but businesses do have plenty to buy new properties with. One thing that is especially going up is the rent percentage. In other words more individuals are renting rather than buying because of the mortgage market. This means that the buy to let mortgages are in demand and that is where the money is. A lot of individuals looking for buy to let have the money to spare. Back To Financial News June 2008 100 Percent Mortgages |
|
Home | Contact | About Us | Terms and Conditions | Privacy Policy | Sitemap Credit Cards | Loans | Business Finance | Insurance | Debt Solutions | PPI | Bank Accounts | Financial Information |