Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

As the Governor of the Bank of England, Andrew Bailey, tells the Guardian that the Bank could be a “bit more aggressive” at cutting borrowing costs, depending on the rate of inflation, the question borrowers are asking is should I opt for a fixed rate mortgage rate or wait until base rates fall?   The Bank reduced base interest rates from 5.25% to 5% in August, the first drop in cut in four years. However, Mr Bailey warned that the Bank was monitoring developments in the Middle East "extremely closely", as any movement in oil prices that could fuel inflation.   Watch video version on YouTube - https://youtu.be/BVs-Cl5oqqY   With rising interest rates in the UK, many homeowners are asking, "Should I fix my mortgage rate now or wait until base rates fall?" This decision can have a significant impact on your monthly payments and overall financial situation, so it’s crucial to weigh the pros and cons.   For investors with rental properties in their own names, the Section 24 landlord tax forcing landlords to rethi