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Interest rates in February 2016 held

The Bank of England policymakers voted unanimously to keep interest rates February 2016 on hold at 0.5%. The decision was based on recent sharp sell-off in global stock markets and investors’ worries about a slowdown in China. In recent meetings policymaker Ian McCafferty had been arguing for a small rate rise but he has dropped…

Buy to let mortgages surge

A combination of high rents and ever-growing demand has led to the the popularity of buy-to-let (BTL) mortgages soaring. Between July and September, 33,600 new mortgages were taken out for property purchases, making it the busiest quarter since the end of 2007, according to data from the Council of Mortgage Lenders (CML). The value of…