BOE interest rate cut is expected anytime soon in order to ward off a recession. If it happens, it’ll be a good time to get or renegotiate a property mortgage on fixed rate.
It’s also a good time to shop around for a personal loan as they are on fixed terms. Don’t be tempted by flexible-rate sinkholes like credit cards and overdrafts because when rates start shooting back up, you’ll know about it.
Did they cut the rate? How does that impact us? :-)
Posted by The Meades | July 14, 2016, 5:54 pm