Items tagged with: Bank of England
Loan news: 0% base rate a possibility
11 December 2008
As the economy deteriorates, many economists expect interest rates to hit 1% or even 0% before long. For people looking for a loan, this might be good news. ... read more »
Bank of England base rate cut to 2%
4 December 2008
The Bank of England today lowered its base rate to 2% – the lowest rate in over half a century.... read more »
Loans: Government may have to intervene
27 November 2008
Bank of England Governor Mervyn King has warned that the Government may be forced to intervene directly if banks and other financial institutions do not resume offering ‘normal’ levels of loans and mortgages.... read more »
Lowering LIBOR – the real cost of mortgages
11 December 2008
When the base rate (or `bank rate`) came down, why didn`t the cost of mortgages come down as far and as fast?... read more »
Base rate cut to 3%
7 November 2008
The Bank of England today cut the base rate from 4.5% to 3%, in a shock move that exceeded many economists’ predictions.... read more »
More interest rate cuts: good news for loans?
23 October 2008
Many experts – such as Nationwide Building Society – expect interest rates to drop further in the near future.... read more »
Bank of England ‘calls for reform of global banking system’
28 October 2008
The Bank of England has called for fundamental reform of the global banking system, to avoid a repeat of the troubles we’ve seen in recent months.... read more »
Britain ‘may need 0% interest rate’
28 October 2008
A leading economist has said that the Bank of England may need to drop its base rate to 0% in order to avoid an economic depression.... read more »
Many mortgage providers ‘failing to pass on base rate cut’
21 October 2008
The Bank of England’s half-point base rate cut has not had its full intended impact, as only four building societies have passed the cuts on to customers on their variable-rate mortgage products, The Times reports.... read more »
BoE should exercise ‘aggressive’ policies to help loans markets
18 December 2008
The Bank of England should exercise ‘aggressive’ policies to fight the credit crunch and improve the availability and cost of loans, according to a former member of the Bank’s Monetary Policy Committee (MPC).... read more »
Bank of England considered bigger base rate cut
19 December 2008
Minutes from the latest Monetary Policy Committee (MPC) meeting have shown that the Bank of England considered a larger base rate cut before settling on a 2% rate.... read more »
Remortgage: interesting Bank of England figures
1 January 2009
When house prices are falling, finding a remortgage can be difficult. Today, most experts seem to agree that we’re about halfway through a house price slump that’s expected to start turning around once prices have fallen 25-30% from their peak values – and house price trends are a major factor when it comes to remortgage deals.
Lenders don’t want to offer a remortgage that’s worth more than the property might be worth in a year or so, so most of them are only offering remortgage deals to homeowners who owe less (in secured debt) than 60-80% of their home’s value.
... read more »BoE `to slash interest rates`
6 January 2009
In news which may be welcomed by mortgage holders and consumers with other loans, an expert has predicted that the Bank of England (BoE) will slash interest rates this week.... read more »
Base rate cut to historic low of 1.5%
8 January 2009
The Bank of England’s Monetary Policy Committee has announced a further cut to the base rate, taking it to 1.5% – the lowest rate since the Bank was founded in 1694.... read more »
Encouraging banks to offer loans
8 January 2009
The Government is considering ways of encouraging banks to increase the availability of loans.... read more »
‘Era of interest-free mortgages’ could be ahead
13 January 2009
After dropping for four consecutive months, the falling base rate may usher in an ‘era of interest-free mortgages’, The Telegraph reports.... read more »
Secured loans & the base rate cuts
19 January 2009
Why aren`t secured loans coming down in price? As the Bank of England cuts its base rate again and again, many would-be borrowers are asking why lenders aren`t passing these cuts on to borrowers in the form of cheaper - and more readily available - secured loans.... read more »
Mortgage market: key facts
21 January 2009
In November, there were 11.74 million mortgages in the UK: just one of the ‘mortgage’ figures put together by the BBC on its website.... read more »
Base rate ‘set for 1% this month’
3 February 2009
February’s Bank of England Monetary Policy Committee meeting is set to go ahead this week, as rate-setters attempt to decide the best course of action for combating the recession.... read more »
Base rate cut to 1%
5 February 2009
The Bank of England’s Monetary Policy Committee (MPC) has just reduced the base rate to a historic low of 1%, despite widespread mixed feelings about the decision.... read more »