The Bank of England has raised interest rates to 5% which is the highest in 15-years which will make borrowing more expensive.
The banks monetary policy committee raised the base rate by half a percentage point on Thursday morning which will push many over the cliff.
Following the Bank of England’s decision to increase the base rate to 5%, UK newswire, Newspage, sought the views property experts.
Calculate your Monthly Mortgage Costs here on this link - Enquire Here!
Link to Original Article: London Loves Property - Property investors ‘ponder whether to tango or tiptoe out of the market’ amid the 5% interest rate hike