SmartLandlord.co.uk: Base rate decision unsurprising

Money News

www.moneynews.co.uk > Housing market > SmartLandlord.co.uk: Base rate decision unsurprising

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

SmartLandlord.co.uk: Base rate decision unsurprising

The decision by the Bank of England to maintain the current base rate is hardly surprising in the current climate, according to property website SmartLandlord.co.uk.

It states that although lowering the base rate would not be a positive move for the property sector, official figures have shown an "unexpected" slowing in the economy since the bank's committee met last month.

"Optimism that the housing crash may be ending has been crushed by falls in indexes published by Rightmove, the Land Registry, and Nationwide," it continues, adding that caution is mandatory at this stage.

The website believes that in order to protect their interests, they should take out rent guarantee products, as many are facing worry about their tenants' capability to pay their rent due to "a further 39,300 people joining the dole queues in May".

As well as maintaining the base rate of 0.5 per cent, the bank of England also revealed that it would press ahead with its £125 billion asset purchasing policy.

Click here for more housing market news
ADNFCR-323-ID-19259685-ADNFCR

Related News : Housing market

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet