Interest rates are likely to stay low until 2019

The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 8-1 to keep the Bank Rate at a deeply low 0.

In a universally-expected move, the Bank of England has halved the Base Rate to an historic low of just 0.25% and renewed some quantitative easing. The BoE's interest rate had been at an already low 0.

Sub £1m properties in PCL have seen average values soar by over 63% in the last decade, outperforming all else...