Private landlords and other property owners learned today that the Bank of England is holding interest rates at 0.5 per cent for another month.

The Bank's monetary policy committee met this morning and opted to freeze the cost of borrowing at the record low level for the fifth month in a row.

Homeowners on tracker mortgages will be among the consumers who may have found more cash in their pockets each month as a result of this monetary policy in recent months.

Indeed, Keshav Thukaram, managing director of residential landlord services website Smartlandlord.co.uk, said that some landlords "are having a cash ball".

Although, he warned them not to get complacent as things could be set to change in the near future.

"There are arguably indications that the economy has bottomed out, if the upward trend continues the Bank of England will increase the base rate before long and this will inevitably affect buy-to-let mortgages,"he explained.

Written by John Weeks
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