Press Release: December 14, 2009
For some time now UK homeowners have enjoyed a period of low interest mortgages and remortgages.
Tracker remortgages and mortgages have been especially attractive with interest rates starting at under 2%
In fact for those with a forty percent deposit rates are available at 1.98% from The Woolwich Building Society and at loan to values of 70% the Alliance and Leicester offer rates of 1.99%.
These rates are so low because they track or follow the base lending rate, and as this is at the unbelievably low rate of half of a percent it follows that remortgages and mortgages have similarly low rates of interest.
It has just been announced that the base rate is to remain at the current low rate, and subsequently remortgages and mortgages shall remain at their low level.