Items tagged with: bank
Banks respond to rate cut with new home loans
9 December 2008
In response to the recent fall in the UK`s base rate of interest, Lloyds TSB and Cheltenham & Gloucester (C&G) have revealed they are launching new tracker rates for consumers seeking mortgages.... read more »
Banks extending loans
2 December 2008
Banks are extending loans to homeowners and small businesses, The Times reports.... read more »
Banks commit to six-month grace period for mortgage arrears
1 December 2008
Two major UK lenders have committed to a six-month grace period for customers who fall into arrears over their home loan repayments.... read more »
Mortgage approvals fall by 8%
27 November 2008
New figures from the British Bankers’ Association (BBA) showed that the number of mortgage approvals fell in October.... read more »
Banks ‘may need extra £110bn for lending’
25 November 2008
A think tank has suggested that another £110bn of public money may be needed before banks are in a position to resume normal levels of lending.... read more »
Loans: Banks must pass on cuts or ‘face customer backlash’
4 November 2008
Business Secretary Peter Mandelson has warned that banks may face a “customer backlash” if they do not pass on base rate cuts to their loan and mortgage customers, The Times reports.... read more »
Bank says repossession is "last resort"
24 October 2008
Abbey has said that in instances when its customers enter into arrears with their mortgages, it views repossession of their homes as a "last resort".... 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 »
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 »
Encouraging banks to offer loans
8 January 2009
The Government is considering ways of encouraging banks to increase the availability of loans.... read more »
‘Dangers of debt’ and the need to save
27 January 2009
Falling interest rates are reducing the appeal of saving, according to new research from the ABI (Association of British Insurers).... read more »
Mortgage approvals up in December
28 January 2009
Figures from the British Bankers’ Association (BBA) have shown that the number of mortgage approvals rose in December.... read more »
Base rate: all-time low of 1.5% ‘not the bottom’
27 January 2009
Currently 1.5%, the Bank of England’s base rate has reached an all-time low – but is likely to sink further yet, experts believe.... read more »
Low inflation encourages saving
23 February 2009
After the recent spate of base rate cuts – and the related falls in savings rates – some consumers may be relieved to see inflation dropping to a level we’ve not seen in almost 50 years.... read more »
Savers ‘abandoning ISAs’
2 March 2009
Low interest rates might be good news for some mortgage holders, but people with bank accounts have had to watch the returns on their savings drop along with the Bank of England’s base rate.... read more »
`Bank of mum and dad` lending children £12,000 each
9 March 2009
A new survey has suggested that more than half of parents with children over the age of 16 have lent or given their offspring a total of just under £12,000 each.... read more »
Banks to agree to more loans
9 March 2009
The Government`s Asset Protection Scheme aims to help banks feel more confident about their balance sheets - giving them more confidence to loan money to individuals and businesses.... read more »
Cut to the bank rate would be `bad news`
4 March 2009
Any further reduction in the Bank of England`s bank rate (also known as the base rate) would be `bad news for almost everyone connected to the savings and mortgage markets`, the Building Societies Association (BSA) has stated, looking to the decision which will be announced tomorrow.... read more »
Mortgage commitment from major provider
12 March 2009
The Government has announced an `agreement in principle` with Lloyds, in which the banking group will commit to specified amounts of mortgage lending and business lending.... read more »
Coalition highlights `universal banking obligation`
18 March 2009
MPs, unions and interest groups have outlined plans which could see the Post Office becoming a Post Bank - a `people`s bank` - the BBC reports.... read more »