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Mortgage news
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Chancellor to intervene in attempt to end mortgage drought
Posted: 2008-08-13 09:40:46
Alistair Darling is set to intervene to help banks and building societies secure more finance to grant new mortgage loans. The probable move comes after the virtual drying-up at the... Read more
No change in rate for third consecutive month
Posted: 2008-07-10 13:00:07
The Bank of England today dashed the hopes of families and businesses feeling the ill effects of the credit crunch for action to boost their strained finances and the economy... Read more
Nationwide go against current trend and reduce rates!
Posted: 2008-07-05 13:41:11
Nationwide today brought much-needed cheer into the mortgage market after cutting a number of its home loan deals by over a quarter of a percentage. The lender today announced that... Read more
Rate remains unchanged
Posted: 2008-06-05 12:20:57
The Bank of England have, as widely tipped, voted against reducing the cost of borrowing - for the next few weeks at least. Members of its nine-strong Monetary Policy Committee... Read more
Positive move by big lenders
Posted: 2008-05-19 10:10:26
The Nationwide has cut its interest rates by up to 0.3% on its range of fixed rate deals, indicating that conditions in the mortgage market could be easing for the... Read more
Result of today review
Posted: 2008-05-09 12:28:26
The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.0%. ... Read more
Bank cut rate to 5%
Posted: 2008-04-10 12:13:17
As expected the Bank of England today cut base rate by a further 0.25%. Whether or not this will have a significant effect on the current state of the economy... Read more
Rate cut by 0.25% - Lenders to follow suit
Posted: 2008-02-07 16:13:13
As many experts predicted, the Bank of England base rate was cut today by a further 0.25% to 5.25%. This was certainly a knock-on effect from the recent US Federal... Read more
Rate predicted to fall by 0.25%
Posted: 2008-02-05 17:27:37
Economists remain confident that the Bank of England base rate will be cut again this Thursday. Chief UK economist Howard Archer said "While house prices are cooling significantly they are not... Read more
Property values stagnate
Posted: 2008-02-05 09:52:47
Halifax's latest house price index, issued today, has shown the average cost of a home last month was £197,244, just £7,628 more than the same time last year. Although house price... Read more
No change today at Bank of England
Posted: 2008-01-10 21:20:54
Rates remained at 5.50% today despite strong rumours of a back to back decrease. Had this been the case then it would have made up for the 2 increases that... Read more
January rate review.
Posted: 2008-01-03 11:44:56
The Bank of England will meet on the second Thursday of this month as oppossed to the first to review the interest rate. ... Read more
Low inflation paves way for rate cuts.
Posted: 2007-12-17 11:05:59
Economists are predicting further rate cuts in the first quarter of the new year as a consequence of inflation figures remaining stable at 2.1%. With the Bank of England determind... Read more
Rate cut to 5.50%
Posted: 2007-12-06 12:26:46
Having faced one of its toughest reviews in the past decade the Monetary Policy Committee (MPC) today cut UK interest rates by 0.25% bringing it down to 5.5%. The decision taken... Read more
Good news for 2008.
Posted: 2007-11-26 17:47:42
It looks like good news for homeowners in the new year as economists are predicting as many as three 0.25% base rate cuts. The first is expected in February giving welcome... Read more
Hips required on all properties.
Posted: 2007-11-22 14:40:37
The government today announced that Home information packs (Hips) will be required for all properties being sold in England and Wales from the 14th December. This news has been met with... Read more
Mervyn King hints at 0.5% rate cut.
Posted: 2007-11-20 16:51:08
The governor of the Bank of England Mervyn King has stated that interest rates would probably need to fall by at least 0.5% in 2008 taking the base rate down... Read more
Considered an Offset?
Posted: 2007-11-15 09:05:34
If you hold savings with a bank or buiding society it may make financial sense for you to offset the amount you have against your mortgage. By doing this you wont... Read more
Competitive deals hard to find.
Posted: 2007-11-09 16:29:43
Latest industry research warns borrowers about to re-mortgage to check the small print on their contracts to ensure that they aren't hit with high arrangements fee's and to choose a... Read more
Rate remains unchanged.
Posted: 2007-10-08 14:00:00
The monetary policy committe today decided to leave the Bank of England base rate unchanged at 5.75%. On announcing their decision they stated "It is to soon to tell how far... Read more
Uncertainty as Bank of England meet.
Posted: 2007-11-07 18:24:46
The Bank of England will meet tomorrow to review the base rate. The rate currently stands at 5.75%. Any changes tomorrow could have a serious effect on the mortgage market as... Read more
