Lenders lower rates in wake of BoE`s announcement

5 December 2008
A number of major lenders have revealed that they are cutting the interest rates on some of their mortgage products in the wake of the Bank of England`s (BoE`s) decision to cut the base 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.

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 »

BoE `to hold interest rates`

7 April 2009
A number of experts have predicted that the Bank of England (BoE) will vote to hold interest rates during its monthly two-day meeting, which will conclude on Thursday April 9th.... read more »