Bank of England Holds Base Rate

For the sixth meeting in a row, the Bank of England have voted to maintain the base rate. 8 voted in favour of keeping the rate at 5.25%, with 1 voting to decrease the rate to 5% and 0 votes to increase.

Holding at 5.25% will be welcome news to those predicting a decrease in the base rate, and therefore mortgage rates, around summer time.

Consumer price inflation was 4.0% on a 12 month basis in December and January, falling to 3.4% in February. Food and clothing prices are significant contributors to the decrease, whilst the next few months will be important to meet the Bank of England's target of 2.0%.

Surrey- Woking, Guildford, Camberley, Epsom, Esher, Dorking, Reigate

Hampshire- Basingstoke, Aldershot, Farnborough, Fleet, Alton

Berkshire- Reading, Wokingham, Windsor, Maidenhead, Sandhurst, Crowthorne

As a mortgage is secured against property, it could be repossessed if you do not maintain the mortgage payments.