In January 2010 I found a great house. We could buy it but only if we could complete in 6 weeks. The only way we could possibly do that was rent out our house and get a buy to let loan for the new house. We therefore became reluctant landlords at the mercy of the UK housing market.Everyday the media has news or opinions about house prices and interest rates and these are my only indicators as to whether I am leading my family to financial ruin, bare survival or reasonable wealth and well being.
Friday, 30 July 2010
January 2010
I was in the car on the way home when the newsreader said "The Bank of England has decided to ........... keep the base rate on hold at 0.5%" . Phew what a relief. I remember thinking to myself am I going to have my heart in my mouth at this time every month?
Labels:
Bank of England,
base rate
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