Investment Property News - Bueno Investments Limited

The expected interest rate cut from the Bank of England will help ease the strain on borrowers under increasing pressure from the credit crunch.

In the first three months of this year, homeowners struggling to find mortgage deals have been among the hardest hit by the effect of last summer's squeeze on banks.

It is this increasing scarcity of credit available to households - and the knock-on effect on the economy as spending falters - which would have had an influence on the Bank's monetary policy committee.

The committee wants to see the UK economy slow down its soaraway growth of recent years, but the Bank's latest credit conditions survey has raised fears of a harder than anticipated landing.

Philip Shaw, chief economist at Investec Securities, said: "The survey presented a bleak picture of reduced credit availability to households and corporates, with expectations of a further squeeze on funds over the next three months."

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http://www.buenoinvestments.com/uk_property_investment.php (UK Property)

http://www.bankofengland.co.uk/ (Bank Of England)