The Bank of England has slashed interest rates by 3 percentage points since October, taking the Bank rate from 5% to 2%. Lenders are being urged by the Government to pass the ...
Clare Francis - Site Editor
Updated: 08 December 2008
With a deepening recession gripping the country, the Government and Bank of England are doing all they can to prevent it turning into a prolonged depression....
Updated: 05 December 2008
Figures from the Council of Mortgage Lenders (CML) show that 11,300 homes were repossessed in the third quarter of the year - 12% higher than during the previous quarter - pro...
Louise Cuming - Head of Mortgage and Protection Services
The Bank of England's Monetary Policy Committee has again responded to calls from industry by voting to cut interest rates by one per cent, taking the Bank rate to 2%....
Updated: 04 December 2008
At last, some good news for the millions of householders who've been finding it tough to make ends meet. Inflation is edging back down and further interest rate cuts are on th...
Updated: 21 November 2008
In the fallout of this month's interest rate cut, attention has focused on whether lenders are passing on the full 1.5 percentage point reduction to existing borrowers. But wh...
Updated: 14 November 2008
The Bank of England has signalled that homeowners and borrowers could see interest rates at record lows next year as policymakers battle to lift the UK out of recession....
Updated: 12 November 2008
New mortgage customers with Lloyds TSB are bearing the brunt of higher margins on the bank's tracker mortgages following last week's interest rate cut....
The Bank of England's Monetary Policy Committee (MPC) isn't known for maverick behaviour. In fact it's been regarded as a fairly predictable beast - increasing or decreasing i...
Updated: 07 November 2008
Well, economists had been calling for the Bank of England to take drastic action in the battle against recession and cut interest rates significantly, but few expected the Mon...
Updated: 06 November 2008
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