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 »

Banks `still cautious about lending`

8 December 2008
UK banks are still cautious about extending loans and credit to consumers and firms, an expert has said.... read more »

27 million ‘could pay less for loans’

16 December 2008
Millions of British borrowers with personal loans and credit cards could save money just by asking their lender for a lower interest rate, it has been claimed.... read more »

Personal loan rates ‘still increasing’

11 December 2008
Interest rates on personal loans are continuing to rise, despite recent cuts to the base rate, The Times reports.... read more »

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 »

Home loans up in October

9 December 2008
October saw more house purchase loans approved than September, in terms of both volume and value.... 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 »

Government considers action for cheaper loans

8 December 2008
Prime Minister Gordon Brown has said he will be talking to banks in order to persuade them to cut interest rates on loans, Reuters reports.... read more »

Loans: Bank of England base rate cut to 2%

5 December 2008
The Bank of England has lowered its base rate to 2%, its lowest in over half a century, in a move that will raise hopes of cuts in mortgage and personal loan rates.... 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 »

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 »

Banks extending loans

2 December 2008
Banks are extending loans to homeowners and small businesses, The Times reports.... read more »

What is a secured loan?

1 December 2008
A secured loan is a loan that is secured against something valuable - in most cases, a house or flat. This means there`s less risk for the lender, and that means secured loans tend to come with lower interest rates than unsecured loans. It also means lenders are likely to lend people greater amounts than they would if the loan wasn`t secured.... read more »

Personal loan rates rise despite base rate cut

1 December 2008
New research shows that average interest rates on ‘best-buy’ personal loans have risen by almost half a per cent in the past two months, despite a 2% drop in the base rate in the same period.... read more »

Home loans: early exit can pay off

28 November 2008
People who took out a fixed-rate home loan when interest rates were high could save money by applying for a new, cheaper home loan.... read more »

Loans: Government may have to intervene

27 November 2008
Bank of England Governor Mervyn King has warned that the Government may be forced to intervene directly if banks and other financial institutions do not resume offering ‘normal’ levels of loans and mortgages.... read more »

Mortgage possession orders up 24% in year

25 November 2008
Ministry of Justice figures show that mortgage possession orders – made by judges in the county courts – were up by 24% in the third quarter of 2008, compared with the same period last year.... read more »

Loans to be monitored by Lending Panel

26 November 2008
Chancellor Alistair Darling has announced a new banking trade body – the Lending Panel – to monitor loans to households and businesses.... read more »

LIBOR rate continues to fall

13 November 2008
The wholesale cost of borrowing continued to fall this week, raising hopes that interest rates on loans and mortgages could fall in the near future. ... 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 »