Entries by Louise Pearce

Bank Of England Reduces Interest Rate To 0.25%

The base rate is the Bank of England’s official borrowing rate – ie, what it charges other banks and lenders when they borrow money – and it influences what borrowers pay and savers earn. But interest rates have generally been at historic lows since the 2008 financial crash.

The Cost Of Running A Buy-To-Let Property

You must make sure the electrical system and any appliances provided are safe, and from July 2020 this may require a five-yearly check from a qualified person. For fire safety, you must provide fire extinguishers in an HMO, and provide smoke and carbon monoxide alarms.