Here at Pinnacle we like to keep you up-to-date with the current news in the lettings and estate agency sector, so that you can make the best decisions for your property investment.
There was welcome news towards the end of last year when the Bank of England’s Monetary Policy Committee (MPC) met and agreed to keep the base rate at 0.5%. This is certainly welcome news for Landlords everywhere, as there was a concern that it could rise again due to the growth of inflation. This is particularly reassuring for landlords with tracker rate products, and we will be keeping an eye on the interest rates levels for the coming year to provide some reassurance to landlords that have not been in this position before.
With the interest level rates being at a historic low, it still remains an excellent time to retain a property portfolio and gives a level of certainty to landlords’ investments. Although there is another meeting planned by the MPC for 10th May 2018, currently the indications are that the interest rates will remain at their current levels. It is inevitable that at some point interest rates may rise again but this is likely to be by small increments and should not have an adverse effect on your investment.
If you have any concerns regarding your investments, or the best ways to manage your property portfolio, then please do not hesitate to contact us. Please phone 02920 640200 and press option 2 or ask to speak to Richard Read.