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 »

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 ‘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 »

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 »

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 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 »

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 »

Mortgages: base rate cut to 1.5%

9 January 2009
The Bank of England today cut the base rate by half a percent to 1.5% – the lowest rate since the Bank was established in 1694 – leading existing and would-be homeowners to hope for further reductions in mortgage rates.... read more »

Major mortgage lenders pass on base rate cut

12 January 2009
Three major mortgage lenders have announced that they will be passing on the full base rate cut to their Standard Variable Rate (SVR) mortgage products.... 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 »

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 »

1,000+ mortgage holders could pay 8p interest per month

4 February 2009
Over a thousand mortgage holders could see their monthly mortgage interest payments drop to just 8p if the base rate falls again.... 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 »

BSA: No more cuts to the base rate

5 February 2009
The Building Societies Association (BSA) has called for the Bank of England to hold off on cutting the base rate any further, due to the impact this would have on people who rely on interest from their bank accounts.... read more »

CML: Government policies hurt mortgage lending

25 March 2009
The Council of Mortgage Lenders (CML) has suggested that the Bank of England`s recent base rate cuts have reduced the funds required by lenders for loans and mortgages. ... 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 »

Base rate remains unchanged at 0.5%

9 April 2009
The Bank of England`s Monetary Policy Committee has voted to keep its base rate at 0.5%, following nine consecutive cuts.... read more »

Mortgage rates rise ahead of base rate announcement

4 March 2009
One mortgage lender has raised its mortgage rates, with other lenders expected to follow, ahead of this week`s base rate announcement by the Bank of England, The Times reports.... read more »

Loans: no change in base rate

7 May 2009
The Bank of England today announced it is keeping its base rate at 0.5%, as widely predicted by economists.... read more »

Bank of England considers base rate decision

6 May 2009
The Bank of England`s Monetary Policy Committee (MPC) meeting is underway this week, as it decides on this month`s base rate decision. ... read more »