The rate drops to below 5%, down to 4.98% (tracking 0.48% above Base Rate), eleven basis points below its previous offer. It is the best long term deal on offer from a high street lender. 4.98% with free validation and legal fees for remortgagers and with a loan to value of up to 80%. There are no early redemption penalties and the arrangement fee is only £595.

A higher rate of 5.09% is available to those who need to borrow up to 95%.

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The Bank of England Committee today voted to maintain the base interest rate

They will be releasing official meeting minutes on Wednesday 19th July at 09:30 in the morning.

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We are currently experiencing and increase in the interest rates on the majority of fixed rate products. Will this mean a movement in the Bank of England base rate?

The Bank of England are meeting today and tomorrow to discuss their monetary policy changes. This will no doubt include a change to the base interest rate.

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