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Flat owners advised to keep track of years on their lease…

and to act fast before it drops under 80.  The number of years left can be crucial when trying to sell or remortgage as theoretically a leasehold property gives the owners the right to live there for only a limited time.  The land it stands on is owned by the freeholder or landlord who charges… View Article

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Bank of England still firmly against interest rate rise…Good times to continue?

The Bank of England’s Monetary Policy Committee (MPC) remains unanimously against raising interest rates, according to minutes from the May meeting. Committee members voted 9-0 in May to hold interest rates steady at 0.5%. The minutes also said that inflation was likely to remain close to zero in the very near term, reflecting drops in… View Article

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