5 Mar

Mortgage holders 'can expect base rate to hold in short-term'

Mortgage holders 'can expect base rate to hold in short-term'

Mortgage holders can expect the base rate of interest to hold in the short-term, it has been suggested.

According to the Association of Mortgage Intermediaries (AMI), it is unlikely that policy makers will opt to raise this soon, meaning homeowners - including those with a distinctive property in the West Midlands - can expect stable repayment levels.

It made its comments after the Monetary Policy Committee revealed it was to keep the base rate at 0.5 per cent in March.

The organisation has drawn the same conclusion each month for the last year.

It is one of a number of measures implemented in a bid to stimulate the economy in Britain, including the housing market.

AMI director Robert Sinclair said: "An extended period of low interest rates is now looking more and more likely, with an extension to quantitative easing a better bet than a withdrawal of the recent monetary stimulus."
ADNFCR-1222-ID-19653846-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.