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 »

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 »

Government: banks must provide more loans

4 November 2008
Gordon Brown and Alistair Darling expect banks to act on the commitments made as part of the bank bailout scheme, 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 »

Government ‘may have to force banks to lend’

8 January 2009
The Government may have to force banks to offer more loans and mortgages if the current situation continues, according to a leading economist.... 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 »

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 »

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 »

Economists predicting further 1% base rate cut

3 December 2008
Ahead of the official Monetary Policy Committee meetings on Wednesday and Thursday, economists are predicting a further 1% base rate cut this week.... read more »

Cost of borrowing `falling at fastest rate since January`

15 April 2009
The LIBOR rate (London Inter-Bank Offered Rate) has fallen at its fastest rate since January, according to The Times, suggesting that interest rates on loans and mortgages could fall further.... read more »

Savers `should look out for restrictions`

6 May 2009
Independent research specialist Defaqto has warned potential savers to "keep their wits about them" with regard to restrictions on savings accounts.... read more »

Banks `may be forced to hold extra capital`

6 May 2009
Britain`s biggest banking groups may be forced to hold additional capital as a safeguard against a repeat of the current economic crisis, the Financial Times reports. ... read more »

Loans: Bank of England warns more cash may be needed

18 May 2009
Bank of England Governor Mervyn King has suggested that banks may yet require further funding to persuade them to start offering loans freely once again.... read more »