The Bank of England’s monetary policy committee cut the base rate to 5.5 per cent yesterday and the news is an “early Christmas present” for homeowners, says Fair Investment.
The investment firm claims that the decision will help first-time-buyers onto the housing ladder and reduce monthly payments for people with variable rate
“This cut should make it cheaper for taking out a new
The Bank reported that recent market volatility have led to a restriction in credit for households and business.
Richard Farr, director of the Association of
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