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bank of england Adjustable Rate Mortgage Blog; December, 2008 Archive; Adjustable Rate Mortgage Blog

Mortgage Holiday

12/17/08 17:53

Mortgage holiday was outlined by the UK Government where the Bank of England responded to the ongoing financial crisis cutting the interest rate down to 2 percent.

Today's rate is the lowest for more than half a century. The bank, with the worsening economy, is prepared to take drastic action just to cope up.

Some industry experts says that the previous rates is not enough to boost the market and stop the recession.

Link: Cutting Back The Interest Rate


Tags: mortgage holiday • bank of england •
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bank of england Archives: • December, 2008 •



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bank of england Adjustable Rate Mortgage Blog December Archive