BoE interest rate decision comment: “Although there is a great deal of speculation about future rises it is important not to get carried away.”

by | May 10, 2018

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Kevin Roberts, Director, Legal & General Mortgage Club comments on the Bank of England’s interest rate decision: 

“Today’s decision is welcome news for borrowers and allows them to continue making the most of these near record low rates.  Although there is a great deal of speculation about future rises it is important not to get carried away. Any rise should be gradual and it will likely remain a good time for borrowers to assess their current mortgage situation. By speaking with a mortgage broker, customers will be able to better understand the different options available to them and can look to change their monthly repayments ahead of any further rises.

“What remains clear though is that there is more choice and competition in the market than ever before, and borrowers should make the most of this opportunity.”

 

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