18 Feb

Interest rate rise may not affect property to rent in 2011

Interest rate rise may not affect property to rent in 2011

Landlords with houses to rent in 2011 may not be affected by a rise in interest rates.

The Bank of England's Monetary Policy Committee voted to maintain the official bank rate at 0.5 per cent on February 10th.

However, speculation has arisen that rates may rise in future to tackle high inflation.

If the Bank of England does decide to raise rates, the availability of property to rent in the UK may not be affected.

Buy-to-let investors will not feel a "significant impact", according to Malcolm Harrison.

The property industry expert says a lot of buy-to-let landlords may be considering fixed rate deals ahead of a potential rate rise.

He said: "Obviously they may well go up by two or three per cent.

"There shouldn't be a great effect ... we haven't got these vast jumps that we used to have."

People are generally expecting interest rates to rise again, he added.ADNFCR-1222-ID-800414529-ADNFCR

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