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INTEREST RATE FORECAST

INTEREST RATE FORECAST

Published: 13/03/2017

At Pink Street our property experts forecast that the Bank of England will increase interest rates by 0.25% in May. In addition, we estimate interest rates will rise up to 1% by the end of 2019.

The Bank of England will increase rates gradually for a number of reasons, one of which being to protect the housing market, mainly because a lot of people have bought properties over the last 4 years during the country’s low interest rates and this will be the first time they’ll have to properly deal with continued interest rate increases.

That means mortgage payments will increase unless you’ve got a fixed rate.
Obviously, we can provide a quote for fixed rate mortgages and give advice on how to make sure you don’t suffer. Give us a call on 02392 864555 or email hello@pinkstreet.co.uk