It is going to get soooooooo goooooood!

Due to rates being so low the banks cannot get a return by keeping hold of it.  I was watching Sky News and they said at a 3% rate all the banks could get is 2.5% from the central bank. 

The banks need to get their money out, to borrowers, who will earn them interest to cover their costs.  So what we might see is the biggest competition for lending we have ever seen!

Could we start seeing sub 3% introductory offers for residential and buy to let? 

Could we start to see the end of the rip off arrangement fees of up to 5%? 

Could we see the biggest recovery from a recession in history with Gordon Brown cementing his place as the next prime minister at the next election?

If the government pull this off they will have my vote.  It is very obvious what we ALL want:

Available credit

Low interest rates

Low unemployment

Low taxes

Do you know what?  I think they might just pull it off!

Ajay

PS - do you want to start investing?  Buy to let rates are coming down and property prices could have just hit their bottom.  If you want to chat to someone request a callback!

Posted on: 6th Nov 2008