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The Bank of England base rate rise – industry reacts

Reaction from the worlds of property and finance was swift after the Bank of England announced that its base rate would increase to 3%.
That means lending for landlords looking for a new mortgage deal just got more expensive.

Bank Base Rate increased as predicted to 3%

In an outbreak of predictability, when we all know the Base Rate is heading towards 4% to keep up with the Dollar and the Fed, The Monetary Policy Committee (MPC) voted 7-2 for an increase of 0.75% to a total 3%.

Bank Base Rate increased as predicted to 3%

In an outbreak of predictability, when we all know the Base Rate is heading towards 4% to keep up with the Dollar and the Fed, The Monetary Policy Committee (MPC) voted 7-2 for an increase of 0.75% to a total 3%.

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01603 741900
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