Investment Property News - Bueno Investments Limited

New research suggests that many homeowners and buy-to-let investors have not benefited from the Bank of England's decision to cut interest rates earlier
this month.

According to Moneyfacts.co.uk, nearly half of all mortgage lenders have not
passed on the Bank's quarter-point reduction.

The website said that so far 60 lenders out of 106 have revealed that they
intend to cut rates on their variable rate mortgage products.

However, more than a fifth of those who have announced they are preparing to
reduce rates are going to implement cuts of less than the full 0.25%.

And a further 18% said they will not make changes until the new year, which
could leave many people out of pocket in the short-term.

Moneyfacts analyst Julia Harris said: "Some borrowers who were anticipating
some good news may have to be patient for a little longer until they find
out their revised monthly repayment."

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

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