MGR Appraisals

T: +44 (0) 121 200 2206 - E: info@mgrappraisals.com
A: 50 - 54 St Pauls Square, Birmingham, B3 1QS

Blog

Date:

02/08/18

Title:

Bank of England Interest Rate the Highest Since March 2009

Content:

The Bank of England announced an increase in the interest rate today by 0.25% bringing the rate to 0.75% being the highest seen since March 2009 during the recession.

Whilst this should see better rates being offered on saving accounts, those with mortgages on variable and tracker rates might wonder if they will be able to meet the increase in payments. Likewise, businesses planning on borrowing funds for growth/obtaining loans going forward might find the rates restrictive.

If you are unsure how the rate increase may affect your business you could consider reviewing your finances and business assets.

We can assist by providing business asset valuations for accounts, pensions, private investors and asset based lending to name just a few.

If you are considering a sale of assets we can assist from putting together a proposal for the sale, marketing, sale preparation through to conducting a sale and overseeing collection of payments and clearances.

If you would like to speak with us please call our office on +44(0)121 200 2206.