The Bank of England again this month decided to keep the interest rate at 0.5% for the 14th consecutive month. After comments made by the Bank of England Governor, Mervyn King, on 12th May, economists suggested that the Bank could keep interest rates at their record low well into next year.

Also, The Mortgage Works launched a range of Buy To Let products at 80% loan to value – which is excellent news for investment buyers who have been struggling to find the 25% – 30% deposits providers have required.