The Bank Of England’s Monetary Policy Committee (MPC) decided to maintain Bank Rate at its current level of 5%.
When last we spoke, the mortgage market was pretty chaotic. Thankfully, we are beginning to see signs of calm. Not the type of calm that allows us all to kick back of course, more a calm that is relative in comparison to what has gone before.
This month we’re looking at mortgage rates, the debate on fixed rates versus trackers, why you shouldn’t just accept a lender’s offer on product transfers, and the rise of second charge mortgages and their very real benefit for many borrowers right now.