Items tagged with: base rate
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 »
Base rate cut brings down mortgage costs
5 December 2008
Yesterday’s base rate cut is already making itself felt, as major lenders announce their intention to reduce the cost of their SVR (Standard Variable Rate) mortgages.... 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 »
1% base rate cut most likely
3 December 2008
When the Bank of England’s Monetary Policy Committee (MPC) announces its base rate decision tomorrow, anyone looking for a loan or mortgage will probably be watching.... 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 »
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 »
Interest rates ‘could be as low as 1%’
20 October 2008
Leading economists have said that the Bank of England may need to cut the base rate to 2% or even as low as 1% “within months”, as it aims to protect the economy from a serious economic crisis, according to The Telegraph.... 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 »
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 »
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 »
‘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 »
Near-unanimous vote for January base rate cut
21 January 2009
Minutes from the latest Monetary Policy Committee meeting have shown that the Committee members voted 8-1 in favour of the recent 0.5% base rate cut.... 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: 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 »
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 »