Interest rate relief lifts property investors

According to Property for Life’s monthly index tracker, 64% of the 8,000 investors questioned said recent cuts in the base rate had helped to lift some of the financial pressures they were under. Not only is this an increase of 16% on January, but 80% also said they believed now is a good time to invest in the property market. David Austin, managing director of Property for Life, says: “Having waited several months for some respite, the two drops in the base rate are finally being passed from lenders to investors, demonstrated by the large reduction in those claiming to feel a pinch on th...