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Investors and Savers Predict UK Base Rate Rise

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Mortgage Rates  Cheap Loans and Mortgages  Base Rate 

Investors and Savers Predict UK Base Rate Rise

By - Wednesday 15 September 2010

Both real estate investors and savers in the UK are of the opinion that the bank base rate will rise in the next 12 months.

Research has found that some 69 per cent of those questioned believe that by August 2011 the rate will rise.

According to the poll by the Fair Investment Company, 38 per cent predicted a rise to one per cent, with 28 per cent predicting a rise to 1.5 per cent and three per cent believing that it will two per cent or higher.

Currently, the base rate remains unchanged from its historic low of 0.5 per cent.

However, the vast majority of analysts still do not see a rise coming for some time.

"Although many economists are predicting rises earlier than originally thought, there is still no real suggestion that the rate will rise by this time next year," said aid Nick Scarrett, head of investment and pensions at Fair Investment Company.

"Borrowers should just take advantage of low loan and mortgage rates and think about over paying if they can afford to in order to take years and or capital off their loan." ADNFCR-3415-ID-800063348-ADNFCR

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