Bank of England Cut Base Rates by 0.5%, back to a historic low of 0.25%.

As Corona Virus is unfolding with unpredictable speed and unknown lasting effects on business and consumers there is bound to be an adverse effect on the wider economy.

So to ease the financial strain for many businesses and consumers the Bank of England announced on budget day to cut the base rate to a historically low 0.25%.

And with a growing number of lenders saying they will support homeowners with payment holidays this takes this unprecedented event into uncharted waters.

One thing you can rely on is we will remain consistent and always ready to support our clients in any way possible.

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