With the Bank of England setting rates at an historic low of 0.5%, there couldn't be a better time to search for the best UK mortgage rates. Those who are uncertain whether to enter a new fixed-rate mortgage or continue with a base rate tracker will be be heartened by the latest piece of research.
According to the Centre for Economics and Business Research (CEBR), rates are likely to remain at 0.5% until 2011. Furthermore, they expect the Bank of England to keep rates below 2% until 2014. This means that home mortgage refinancing rates will remain very low for the foreseeable future.