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11th September 2009
If you're a homeowner on a tracker mortgage, you'll be feeling pretty pleased with yourself right now.
The Bank of England's Monetary Policy Committee has slashed the base rate from 5% in October to a record low of just 0.5%. If you've got a £150,000 ... Read >
Author: MarkeD13th August 2009
The Bank of England has today announced plans to inject a further £50billion through its quantitative easing programme – a process used to help stimulate the economy by putting more money into circulation.
The new plans will increase total spendings... Read >
Author: Which4u11th June 2009
The Bank of England may have just opted to hold the base rate at 0.5% for third consecutive month, but it is rising interest rates that have once again caused raised eyebrows in the credit card market.
A no-change decision by the Monetary Policy Commit... Read >
Author: Graeme Knights13th March 2009
Newly released plans from the Bank of England to cut the interest rate should be a great help to the conveyancing market, as thousands of prospective consumers are enticed by the chance to change their mortgage lenders in order to find a deal which is vee... Read >
Author: CatM11th March 2009
The Bank of England said it will create an additional £75 Billion of new money in order to boost lending in the UK economy. The move has been announced as the bank cut interest rates to a new record low of 0.5%, though most mortgage holders are unlikely ... Read >
10th March 2009
Economists agree that as the global recession takes hold and economic growth comes under threat, interest rates will begin to decline prompting a revival in South Africa’s property market by the beginning of 2010.
Even though the sub-prime mortgage c... Read >
Author: Graeme20th January 2009
There gap between the official interest rate and the one bank’s are charging consumers is growing.
Banks are increasing the cost of personal loans – pushing up their profit margins - despite the Bank of England cutting the base rate three times.
On ... Read >
Author: michael challiner01st December 2008
The economy will be helped to recover by the Bank of England's interest rate cut, it has been claimed. Vicky Redwood from Capital Economics stated that last week's base rate cut will increase confidence within financial markets, adding that rates are "pro... Read >
Author: MarkeD01st December 2008
With the current state of the property market in the UK its clear that these are not good times at all if you are looking to buy or sell your home. House prices falling meaning if you are selling your house you aren’t getting as good a return on your in... Read >
Author: sam lowe27th October 2008
With the credit crunch now set to develop into a full blown recession with news from both the Prime Minster and the bank of England confirming this, I think both are giving in to the fact it’s a forgone conclusion. However it’s not all bad news with t... Read >
Author: sam lowe27th October 2008
Worldwide, consumers are feeling the tightening strangle hold of increased commodity prices, petrol price hikes and the damning effects of the worst global melt down in eighty years, but not all is gloom and doom for the South African economy.
Fortunat... Read >
Author: Kayla Reid20th October 2008
Recently the Prime Minister, Gordon Brown, and the Chancellor, Alistair Darling, announced that the base rate in the UK was being cut by 0.5% in a surprise move a full day ahead of the scheduled Monetary Policy Committee meeting, which is where the intere... Read >
Author: Reno Charlton13th October 2008
China's central bank on Friday said it will continue international cooperation to tackle the global financial crisis and maintain market stability.
The pledge came two days after the People's Bank of China (PBOC) announced an interest rate cut in ... Read >
Author: jackyluo30th September 2008
When the monetary policy committee decides to change its interest rate, the effect is that all banks and similar deposit-takers have to follow suit and alter the interest rates at which they lend and borrow by something like the same amount.
This means... Read >
Author: SEO Positive08th September 2008
It is claimed that once the "spike" of inflation has past the Bank of England will be better placed to cut interest rates. A Council of Mortgage Lenders spokesperson stated that the MPC (monetary policy committee), are unable to reduce interest rates, bec... Read >
Author: ARouse24th July 2008
Consumers looking for unsecured loans may find that the interest rates on the loans may start to increase as Payment Protection Insurance loan sales begin to drop.
A leading financial research website has found that a drop in the sales of Payment Prote... Read >
Author: Gill08th July 2008
Fewer people are purchasing luxury items as there is just not enough cash left in people’s accounts. Could it be that we spend more than we really should on personal treats such as the latest electronic gadget? Is it that we no longer understand the imp... Read >
Author: Arti Manani 16th June 2008
Inflation is something that attacks affordability. At the moment, consumers are finding in particular that food and fuel is less affordable. Charged with the task of keeping price rises under control, the Bank of England's monetary policy committee (MPC) ... Read >
Author: Assetz UK13th June 2008
The Bank of England's monetary policy committee (MPC) has decided not to change the base rate of interest for the second month running, it currently stands at five per cent.
The MPC has made 6 decisions on the interest rates so far this year, 4 of whic... Read >
Author: ARouse11th June 2008
It appears that banks are pushing up the cost of personal loans to help boost their profit margins, despite a decision by the Bank of England to cut the base rate on three occasions.
The interest rate on a loan of £5000 was up on average by 0.71 of a ... Read >
Author: Phil 09th June 2008
A new nationwide consumer poll from Lloyds TSB has suggested that concerns about food, fuel and energy costs are driving expectations of high inflation in the year to come.
The consumer barometer identified that average expectations for inflation in th... Read >
Author: ARouse22nd May 2008
While it may not be wise to pre-empt the minutes of the Bank of England monetary policy committee's meeting on interest rates this month, it appears not to have been such a good few weeks for those keen to see the property market picking up again.
First... Read >
Author: Assetz UK21st May 2008
There are absolutely no two ways about the fact that the current housing slowdown, coupled with tighter lending conditions that have been fuelled by the global credit crunch, has swept across the UK in the past few months. The Bank of England has stated t... Read >
Author: Jim Brown21st May 2008
The short-term prospects for the property industry may not appear too hot just now. Agent confidence is low, as shown by the Hot Property agents’ index, which shows the number of estate agents more confident about the market now than they were in March ... Read >
Author: Assetz UK21st May 2008
When the Bank of England's monetary policy committee (MPC) delivered its verdict on interest rates for this month at noon today few would have been surprised. It decided to keep the base rate at five per cent, following its vote to cut the rate last month... Read >
Author: Assetz UK15th May 2008
Mortgage approvals unexpectedly increased in January as house prices continued to fall. The Bank of England has released new data showing there were 74,000 mortgage approvals in January, which was up 2,000 from December. That month’s figure of 72,000 wa... Read >
Author: Drew Swainston08th May 2008
This week brought what appeared to be some positive news amid the gloom of falling house prices, as the Bank of England told the world it believed the worst of the credit crunch had passed and that a return of confidence in the coming months was justified... Read >
Author: Assetz UK08th May 2008
Consumers who have numerous debts on credit cards may find that their financial situation takes a turn for the worse in the coming months as lenders tighten the screws.
So claims MoneyExpert, which believes that the credit crunch is driving lenders to ... Read >
Author: ARouse29th April 2008
A key issue in the UK property market in recent months, both for residential buyers and those looking to acquire investment property, has been the cost of mortgages, with the credit crunch pushing up interbank lending rates, which in turn have restricted ... Read >
Author: Assetz UK28th April 2008
The last few months have been tough for those seeking to get a mortgage, be it a residential loan for that all important first home or a buy-to-let mortgage. In both cases the supply of products has fallen, while the reverse has been true about the size o... Read >
Author: Assetz UK18th April 2008
Yesterday may not have brought the most startling news in economic history when the Bank of England's monetary policy committee (MPC) announced it was cutting the base rate by 0.25 per cent for the third time in five months.
Revealing the news, the body... Read >
Author: Assetz UK16th April 2008
Today's news that the Bank of England's monetary policy committee has cut the base rate again to five per cent will be welcome news for investors in property amid a climate that has seen the market take something of a hit in recent months, both from the h... Read >
Author: Assetz UK13th April 2008
With the Bank of England monetary policy committee (MPC) due to meet next week to discuss interest rate policy, some may see the outcome as being quite obvious. With the property market at a fairly low ebb and wider economic concerns there will be no shor... Read >
Author: Assetz UK07th April 2008
As pre-emptive strikes go, few might indicate more strongly an expectation that interest rates will be cut next month than news today that both Nationwide and Halifax are raising the interest rates on their tracker mortgages.
Of course, rising mortgage r... Read >
Author: Assetz UK03rd April 2008
In the year 2007, the rise in interest rates affected the borrowing capacity of the individuals as well as the banks in the UK. The banks were unable to procure inter bank finance because other banks were unwilling to lend as they were afraid that credit ... Read >
Author: gracy11th February 2008
After over two years of rising interest rates regime, the UK financial market is likely to see the downward trend again in the coming time. Homeowners finding it difficult to find appropriate home loan deals will benefit the most if two to three interest ... Read >
Author: Anaya Erika11th February 2008
As interest rate decisions go, today's verdict by the Bank of England monetary policy committee (MPC) was perhaps the most widely predicted for some time. In the last week, an Adfero poll of seven economists and a Reuters survey of 60 both produced unanim... Read >
Author: Assetz UK07th February 2008
Those looking at investing in property will doubtless have been paying much attention to the possible movements in the UK base rate. Recent comments by the Bank of England governor Mervyn King, speaking to an audience in Bristol, stated that there may be ... Read >
Author: Assetz UK02nd February 2008
The UK risks slipping into recession in the next two years, according to authors of the Deloitte Economic Review; and even if that gloomy forecast doesn’t transpire, the best we can hope for is the weakest economic growth in the last 15 years.
The ... Read >
Author: Andrew Regan31st January 2008
Proof, were it needed, that the property market has slowed has come in the shape of falling UK house prices. Survey after survey has shown small monthly drops in house prices, leaving values still well above where they were in the past, but moderating a m... Read >
Author: Assetz UK30th January 2008
With the talk of the global credit crunch seeming to seep into every economic topic, those looking to buy property overseas may be thinking of new markets, places where the economic boom is such that even a global financial crisis cannot hold back growth.... Read >
Author: Assetz UK26th January 2008
If a week is a long time in politics, 24 hours seems to have been a long time in economics. In less than a day the US Federal Reserve has cut its federal funding rate by 0.75 per cent, Bank of England governor Mervyn King has hinted at a rate cut in Febru... Read >
Author: Assetz UK24th January 2008
There are several different types of methods for interest to be charged on mortgages. Tracker mortgages have a variable interest rate that moves roughly in line with the Bank of England Base Rate (BoEBR).
Another popular type of interest rate is a fixe... Read >
Author: michael sterios24th January 2008
Capped rate mortgages have variable interest rates that will not rise above a certain upper limit. The interest rate can rise or fall during the term of the mortgage, however it will not rise above the capped upper limit.
Interest on capped rate mortga... Read >
Author: michael sterios21st January 2008
Summary: If you are planning to improve your home extensively, a large amount of money might be needed. Being a homeowner, you can take secured loan from professional lenders at very reasonable interest rate.
Many people fear loans because they th... Read >
Author: Amenda20th January 2008
In the end, it did not happen. Speculation had been rising that the Bank of England monetary policy committee (MPC) might do something highly unusual and cut interest rates in successive months. Come mid-day today the news emerged that they had done no su... Read >
Author: Assetz UK20th January 2008
One of the supposed iron laws of the Bank of England monetary policy committee (MPC) is that it does not cut interest rates two months in a row. Of course, this is a matter of precedent not of statute; after all, if this was absolutely the case there woul... Read >
Author: Assetz UK14th January 2008
When interest rates were cut in early December all nine of the Monetary Policy Committee members voted for the cut and that unanimous vote has lead to analysts predicting another cut in early 2008. Welcome news indeed for anyone with a mortgage, as many... Read >
Author: Andrew Regan14th November 2007
Fears over the state of the UK housing market are on the rise, prompted by the announcement from the British Bankers’ Association that mortgage approvals for September fell 14% compared to August.Total mortgage approvals for the month of September 2007 ... Read >
Author: pmcindoe30th October 2007
Broadly speaking, two types of loans are available in the financial market – secured and unsecured. Besides, there are many variants within these two categories. This wide spectrum of loans is meant for different types of borrowers. Homeowners, tenants,... Read >
Author: Anaya Erika27th September 2007
It is common for people to compare mortgage deals over 25 year terms. The actual length of your mortgage can be more or less than this, but it seems to be the starting point. Halifax has just brought out a mortgage deal that is fixed at 6.39% for 25 years... Read >
Author: Accreditfs20th August 2007
The amount of mortgage payments missed this year is approaching the 500,000 barrier, new figures from MoneyExpert reveal.
According to research by the firm, some 460,000 repayments have been missed since the beginning of 2007 - an average of about 77,0... Read >
Author: ARouse23rd July 2007
Britons need to take time to ensure their mortgage deal is the right one for them, an industry expert has claimed.
Julia Dallimore, marketing director for Picture Financial, claimed that as interest rates continue to increase and a greater proportion o... Read >
Author: ARouse05th July 2007
Last month's interest rate rise is beginning to affect consumer confidence, it has been revealed.
According to figures released by GfK NOP, the Consumer Confidence Index score dropped by a point over the course of June to stand at -3. The fall was attr... Read >
Author: ARouse05th July 2007
Despite recent reports of a fall in borrowing Britons are still set to experience debt problems, an industry expert has warned.
According to James Falla, director of Thomas Charles, the announcement from the British Bankers' Association (BBA) that an i... Read >
Author: ARouse05th June 2007
Your home gives you the privilege of raising a huge loan amount on it. If you pledge your home with a lender you can get not only a big loan amount but the rate of interest will also be very low compared to other forms of borrowing money.
A secured lo... Read >
Author: Angelo Drew16th May 2007
If you are looking for a higher loan amount, then secured loans could be a viable loan option for you. If you are a homeowner in UK, then you can easily put your home as collateral and can seek a loan amount against your home.
The home is considered ... Read >
Author: Adam Jaylin15th May 2007
The MPC (Monetary Policy Committee) of the Bank of England has raised the interest rates to 5.5 percent. Though, this is good news for the savers, but many Britons with loans and debts will have to face the pinch with new rate rise.
Some analysts belie... Read >
Author: Adam Jaylin06th May 2007
Small businesses could be in for a rough ride over the next couple of years after a surprise hike in inflation made interest rate rises almost inevitable.
Official figures out last week revealed that inflation had jumped to 3.1%, well ahead of the g... Read >
Author: Steve Ash09th February 2007
The Monetary Policy Committee’s decision to increase base rate by a further 0.25 per cent on 11 January caught everybody on the hop, from financial commentators through to the banks and building societies themselves. The rate increases of August and Nov... Read >
Author: Marco Barra09th November 2006
Next year, the private sector will surely be affected by the rising inflation. According to a recently published report, wages bills will be pushed up between 3% and 4.5% next year.
Pay researchers from Income Data Services (IDS) said that the National... Read >
Author: Alison White13th August 2006
The constant increase in the prices for land is a sign of a huge demand for farmland near Slough. Today, an investor can even own land in the UK, while sitting in any part of the globe.
In order to own a piece of England; one need not be a part of rich... Read >
Author: Peter Lo13th August 2006
Summary of the Weekend's News:
Sunday Stories
Sunday Times
• In place of David Smith, Richard Lambert, director-general of the CBI and former Monetary Policy Committee (MPC)
member, writes about last week's rate decision. He says we are left with two ... Read >
Author: Debbie Forward08th August 2006
Summary of news:
• The FTSE-100 will open flat this morning amid investor caution ahead of HSBC's results today and the Bank of
England's interest rate decision Thursday.
• IG Index reckons the FTSE 100 is seen opening 0.4 points lower at 5,974-5,980 a... Read >
Author: Debbie Forward19th July 2006
The consistent increase in the prices for farmland near Slough is a sign of a huge demand for land in the UK. Today, an investor can even own land in the UK and particularly farmland near slough, while sitting right here in India.
With increasing popul... Read >
Author: Peter Lo
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