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Housebuilders react to hold on interest rates

July 15, 2016Article by Chelsea Battle

England seems to be changing radically by the hour, but the one thing everyone expected to change was interest rates, which stayed the same. It was anticipated that the Bank of England would cut interest rates presenting an opportunity for low cost mortgages. Instead, they decided not to panic and keep their interest rates at 05 per cent. However, a cut on interest rates is still on the cards.

In this Article Ray Withers, CEO of Property Frontiers comments on what this could mean for the UK property market.


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