The Bank of England's base rate could fall below its historic low figure of 0.5%, governor Mark Carney has hinted.
It was widely believed that interest rates would go up rather than down, but Carney's latest announcement means that those taking out mortgages and other borrowers may get even better deals if the recovery keeps faltering.
The global economic recovery is looking increasingly fragile, with oil prices collapsing and fears that Britain may into a damaging "deflationary spiral", meaning that wages and prices could fall and people may stop spending if they were to believe goods and products would be cheaper in the future.
This may be good news for those looking to get a mortgage or remortgage. However, it's important to remember that the fees you may pay may mean that even in the long-term remortgaging may not be worth the initial cost; even if rates are low.
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Following the London area entering into Tier 4 our front office staff and Property Management department will now be working from home. Face to face appointments will be strictly limited and contact should initially be by email. Please go our contact pages for the relevant office/department.
All persons attending pre scheduled appointments are required to wear face masks and observe social distancing measures. We ask this to help protect both themselves and our staff.
In the event of a Property Management emergency, please call our Battersea office on 020 7720 1116 where one of our property managers will assist you or an answer phone message will provide you with details of our emergency contractor.