With the .75% drop in interest rates over in the states it now looks certain that the bank of England will follow suit and drop British interest rates by at least .25% when they meet in the first week of February.

This is great news for the savvy investor, as all signs are pointing towards the rate drop, but many more nervous investors are waiting until the announcement to snap up the bargains.

This has left a small window of opportunity where you can get great value properties with lower levels of competition from other investors. The time to buy is now and then take a tracker product with the knowledge interest rates are almost certainly going to move in your favour, giving you a strong yielding start to the new year.

Elliot Roe
Sales Director
elliot.roe@buenoinvestments.com

Great news from the Bank of England today, rates have dropped back to 5.5% this is great news for investors.

There is also talk of a possible further cut early next year, both Halifax and Nationwide have reduced their mortgages in line with this move and the other lenders are expected to follow suit.

This is great news for investors as rental coverage will be easier to acquire and profits will go up. I’m expecting a busy few weeks up to Christmas with investors taking advantage of both the great deals available and the new lower priced mortgage products.

Elliot Roe
Sales Director
elliot.roe@buenoinvestments.com