Recent economic reports pointing to a reduction in the pace of house price inflation and weakening sales on the High Street, are likely to have encouraged the bank to stay its hand.
Economists predict the interest rate will end the year no higher than five per cent.
Many lenders are now providing preferential rates to contractors and are still offering tremendous mortgage/remortgage deals as follows - 4.00 per cent discounted with accounts, 4.79 per cent based on four times annualised contract rate alone, 4.89 per cent with no proof of income required.
Mortgages for freelancers
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The Editor
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