One in five IFAs expects base rate hike in '08

The survey of 100 advisers across the country showed despite the recent market volatility and continued uncertainty, many IFAs still believe rates will rise, with 40% of those located in the South West predicting a move up from 5.5%. The majority of advisers still think rates will fall or stay the same, both 37%, while 5% are undecided. Scottish IFAs are most convinced rates will fall, with 50% expecting a drop. Advisers are also predicting house prices to increase, with 52% expecting a rise, while just 11% think a drop is on the cards. IFAs in London and the North West are most confident...