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Low rates still little help for deposit home buyers

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David Bexon, Managing Director of smartnewhomes.com, comments on the Monetary Policy Committee’s (MPC) decision to hold interest rates at 0.5%:

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David Bexon, Managing Director of smartnewhomes.com, comments on the Monetary Policy Committee’s (MPC) decision to hold interest rates at 0.5%:

“The continued stability of interest rates is important for maintaining the cautious level of optimism currently being seen throughout the market. However, while the Bank revealed improvements in net lending over the summer, it is still evident that more must be done to assist home buyers. Those without significantly large deposits continue to be penalised by the extremely high mortgage rates charged by lenders.”

See Also: Interest Rates (13), Press Releases (372), David Bexon (14), Monetary Policy Committee (11)