BASE RATE INCREASE IN MAY AND ARRIVAL OF HIPS IN JUNE SET TO CAST DARK CLOUD ON UK PROPERTY MARKET, WARNS MONEYNET.CO.UK
INA WIDELY anticipated base rate rise next month (May) and the introduction of the new Home Information Packs (HIPs) on 1 June are likely to significantly put the brakes on the UK property market, Moneynet.co.uk warned today.
Moneynet.co.uk is the UK's longest established online personal finance research and data analyst company. The company offers consumers a choice of thousands of low cost financial services products. From mortgages, personal loans to motor, home and medical insurance, credit cards, savings accounts and best buy fixed rate products, Moneynet is one of the most comprehensive online services of its kind in the UK. Founded by chief executive Richard Brown, the Moneynet brand is destined to become one of the UK's major players in consumer finance products.