Items tagged with: interest rates
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 »
Agreement on credit card debt reached
16 December 2008
Credit card companies have agreed on a set of ‘fair principles’ to help consumers struggling with credit card debt.... read more »
Lenders changing their loans policies
5 December 2008
Loan providers are changing the way they price their loans, as they adapt to changes in the loans market.... read more »
More interest rate cuts: good news for loans?
23 October 2008
Many experts – such as Nationwide Building Society – expect interest rates to drop further in the near future.... 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 »
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 »
Base rate cut could hold back loans market
12 January 2009
Financial experts have warned that January’s base rate cut could actually hinder banks’ ability to offer loans.... 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 »
Interest rates `could fall to 3.25% in 2009`
7 October 2008
The base rate of interest in the UK could fall to as low as 3.25 per cent in 2009, an expert has said.... 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 »
Loans: interest on personal debt ‘nearly £100bn’
21 January 2009
Annual interest on UK personal debt is approaching the £100bn mark, new figures from uSwitch.com have revealed.... read more »
Cost of fixed-rate mortgages ‘could be set to rise’
16 February 2009
The cost of new fixed-rate mortgages may have fallen as far as it’s going to, experts have stated.... read more »
Some credit cards raise interest on existing debt
9 March 2009
Some credit card providers are raising the interest rate they charge existing customers on the debt they`ve already run up.... read more »
Some credit cards raise interest on existing debt
9 March 2009
Some credit card providers are raising the interest rate they charge existing customers on the debt they`ve already run up.... 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 »
Loans: how the base rate affects availability
11 March 2009
Anyone looking for a loan may have been pleased to see the raft of base rate cuts announced since October, hoping they’ll help reduce the cost – and increase the availability – of loans. But how likely is that? ... read more »
Savers `saving 25% less each month`
12 March 2009
New research has suggested that the average amount put away by savers each month has fallen by almost 25% compared with this time last year.... read more »
Remortgage – now, later or never?
17 March 2009
If you`re watching the base rate fall and wondering whether you should remortgage, read on.... 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 »