Posts Tagged ‘interest rates’
Monday, February 15th, 2010
Whilst there was a time when people wanted to avoid variable rate mortgages because of the high rate of interest attached to them many people at the moment are finding that these are the most cost effective mortgage types to opt for because of the record low interest rate that is still in place. (more…)
Tags: Banking, finance, Fixed rate mortgage, Floating interest rate, Interest, interest rates, John Charcol, mortgage, Personal finance, Variable-rate mortgage
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Tuesday, February 9th, 2010
It has been reported that finally the rates charged on personal loans rates may be starting to fall. For many this will have been a long time in coming, given that the base interest rate in the UK has been at an all time low of just 0.5 percent since last March. (more…)
Tags: credit, Interest, interest rates, loans, payday loan, Personal finance, personal loans
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Friday, January 15th, 2010
It has been forecast by the Centre for Economic and Business Research that house price increases next year will start to moderate and stabilise after a series of increases over recent months. (more…)
Tags: bank of england, Centre for Economic and Business Research, interest rates, mortgage, Personal finance
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Wednesday, December 30th, 2009
Just eighteen months ago many homeowners in the UK were facing crippling mortgage repayments because of the high base interest rate, and many found that they were unable to keep on top of these repayments fuelling a surge in property repossessions across the UK. (more…)
Tags: bank of england, homeowner wealth, interest rates
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Monday, December 14th, 2009
Figures that were recently released by the Council of Mortgage Lenders have shown that there was a month on month increase in mortgage lending for the month of October, with mortgage lending for the month rising by around 5 percent compared to September. (more…)
Tags: bank of england, Danish mortgage market, economist, Financial economics, interest rates, mortgage, Subprime crisis impact timeline, Subprime mortgage crisis
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Saturday, October 31st, 2009
According to a recent report around one hundred thousand homeowners every month are benefiting from the rock bottom base rate, which has stood at just 0.5 percent since April of this year. The current base rate is the lowest it has ever been in the history of the Bank of England, which spans over three hundred years. (more…)
Tags: interest rates, low mortgage rates
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Thursday, October 22nd, 2009
It has been reported recently that many homeowners in the UK are using the savings that they are making on their mortgage repayments to make repayments on their credit card debts. (more…)
Tags: credit card debt, interest rates, mortgage repayments
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Wednesday, September 30th, 2009
Since April of this year the base interest rate has been at its lowest rate in the history of the Bank of England, which spans over three hundred years, and currently stands at just 0.5 percent. (more…)
Tags: bank of england, interest rates
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Tuesday, September 22nd, 2009
With the September Monetary Policy Committee meeting having been held last week the Bank of England has announced that there is to be no change in the current base interest rate, which will remain at its record low of just 0.5 percent for yet another month. (more…)
Tags: bank of england, interest rates, mortgages
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Wednesday, July 29th, 2009
A recent report has suggested that banks in the UK are slyly trying to make more money from customers by increasing their personal loan rates, which some campaigners have described as being underhand. (more…)
Tags: interest rates, loan rates, loans
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Tuesday, July 21st, 2009
Earlier this week the Monetary Policy Committee met up for the July monthly meeting with regards to reviewing the base interest rate. (more…)
Tags: bank of england, base rate, interest rates
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Monday, July 20th, 2009
Over the past eight months a series of base rate cuts by the Bank of England have seen the base interest rate plummet to its lowest level in the three hundred and fifteen year history of the Bank of England, standing at just 0.5 percent. According to recent reports many industry experts are now expecting the base interest rate to remain at this historic low level well into the course of next year. (more…)
Tags: base, interest rates, mortgages
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Saturday, June 13th, 2009
According to a recent report whilst loan rates in the UK may have increased recently there are still some decent deals available for a number of consumers. (more…)
Tags: interest rates, loan deals, loan rates, loans
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Tuesday, May 26th, 2009
The interest rates for mortgages in the UK are at the lowest level they have been in 300 years. Many homeowners are wondering if they should lock in their mortgage at these lower rates in an attempt to save money on their mortgage payments. (more…)
Tags: base rate, fixed rate mortgages, interest rates, lock mortgage rates, mortgages, variable rate mortgages
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Friday, May 22nd, 2009
After the recent Monetary Policy Committee meeting earlier this month the Bank of England announced that the base interest rate was to be left on hold at 0.5 percent. (more…)
Tags: base rate, economy, interest rates
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Friday, March 6th, 2009
The Council of Mortgage Lenders has asked for a lower cap to be introduced, which would mean that mortgage lenders would not be expected to reduce their mortgage interest rates beyond a certain level. (more…)
Tags: CML, council of mortgage lenders, Homeowner Mortgage Support Scheme, interest rates
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Sunday, January 18th, 2009
Following the recent Monetary Policy Committee meeting held last week the Bank of England has announced that the UK base interest rate has been cut yet again, falling by 0.5 percent from 2 percent to just 1.5 percent. (more…)
Tags: bank of england, interest rates
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Monday, December 22nd, 2008
Consumers are being warned that over the past few months the interest rates charges on personal loans have rocketed, and rates are now well over double the official base rate of 2 percent, with more than a 5 percent margin between the base rate and the average rate of interest charged on these loans. In just a couple of months the gap between the rates charges on loans and the base rate has widened considerably, leaving consumers paying way over the odds on some personal loans. (more…)
Tags: interest rates
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Friday, November 14th, 2008
Between last December and April of this year the base rate was cut three times, each time by 0.25%. In a surprise move earlier this month, a day ahead of the October Monetary Policy Committee meeting, the Bank of England cut the base rate by a further 0.5% taking it to 4.5%. it was hoped that the rate cut would help to boost consumer confidence and the economy, and would ease financial pressures that were facing many households. (more…)
Tags: interest rates
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Wednesday, November 12th, 2008
Since the onset of the global credit crunch consumers in the UK have been affected in many ways, with the cost of borrowing rocketing and with availability of finance in all sectors becoming more restricted and difficult. Many consumers have found that whilst they were able to get finance with relative ease a year or so ago, these days getting a loan or other form of finance is not so easy. Also, many have found that the cost of taking out a loan or other form of finance has gone up. (more…)
Tags: interest rates, personal loans
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Tuesday, November 11th, 2008
According to recent report the Nationwide Building Society is planning to pass on part of the latest base rate cut, although it will not be passing on the full rate cut to borrowers. Officials state that as of the start of November Nationwide will be reducing the interest rates on its standard variable rate mortgages by a third of a percent, taking the rate from 6.49% to 6.19%. (more…)
Tags: interest rates, nationwide
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Friday, November 7th, 2008
According to a recent report lending amongst UK banks is getting even more difficult, and many of the banks and building societies in the UK are set to cut their lending level even more than they have over the past year, since the onset of the global credit crunch. This data comes from a report from the Bank of England. The report also claims that the fall in new mortgages over the past three months had been bigger than expected. (more…)
Tags: bank of england, interest rates
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Tuesday, October 21st, 2008
Earlier this week the Prime Minister, Gordon Brown, and the Chancellor of the Exchequer, Alistair Darling, announced that the UK base rate was being cut by 0.5% from 5% to 4.5% in a surprise move one day ahead of the Monetary Policy Committee meeting. Other central banks around the globe, including the US Federal Reserve and the European Central Bank, also cut their base rates by 0.5% in a bid to try and stabilise the financial markets, boost the economy, and restore consumer confidence. (more…)
Tags: bank of england, interest rates, mortgage rates
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Monday, October 20th, 2008
Earlier this week the Prime Minister, Gordon Brown, and the Chancellor of the Exchequer, Alistair Darling, called a press conference where they announced that the UK’s base interest rate had been cut by 0.5% in an unprecedented move that saw central banks around the glob cutting their interest rates. The move came just one day before the Monetary Policy Committee meeting – where the interest rate movement is normally decided – was due to go ahead. (more…)
Tags: bank of england, federal reserve, interest rates
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Friday, October 3rd, 2008
The interest rates on some mortgage products are now almost the same as they were in the summer of last year before the onset of the global credit crunch, according to a recent report. Officials from Moneyfacts have recently researched mortgage interest rates, and have found that in many cases they average rates are only very slightly higher than they were in summer of 2007. (more…)
Tags: interest rates, mortgages
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Wednesday, October 1st, 2008
There has been a great deal of speculation over when and by how much the Bank of England will cut the base interest rate over the next year, with inflationary pressures coupled with the threat of recession making decisions challenging for the Monetary Policy Committee. A number of industry officials have now said that the state of the economy will result in the central bank cutting rates a number of times over the next twelve months, with some guessing that the base rate could fall to 3.5% next year. (more…)
Tags: bank of england, interest rates, mortgages
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Monday, September 29th, 2008
One member of the Monetary Policy Committee, which is involves in cutting rates, has recently called for major cuts to the UK’s base rate in order to avoid an economic slump that could last for a long period of time. The warning comes from MPC member David Blanchflower, who has been consistently voting for a rate cut over recent months at the monthly MPC meetings. However, having been outvoted rates have remained at 5% for the past five months. (more…)
Tags: interest rates, mortgages
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Saturday, September 13th, 2008
In a recent speech the governor of the Bank of England, Mervyn King, said that there was a good chance that any further interest rate cuts for the remainder of this year would be put on hold, with the central bank now concerned that the soaring rate of inflation is getting more and more out of control. Despite the state of the economy, with many concerned that the nation is on the brink of recession, the governor has indicated that there could be no further interest rate cuts this year. (more…)
Tags: bank of emgland, interest rates
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Friday, September 5th, 2008
Over recent months we have heard a lot about both soaring inflation levels and falling interest rates. Between August 2006 and July 2007 the nation saw interest rates rise five times, each time by 0.25%, taking the base rate up to 5.75%. However, between December of last year and April of this year the base rate was cut three times, again by 0.25% each time. This resulted in the base rate falling to 5% by April. However, since that time the base rate has remained at 5%, and growing concerns over the soaring level of inflation means that further base rate cuts could be off the card for the foreseeable future. (more…)
Tags: interest rates
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Thursday, September 4th, 2008
The Bank of England has announced that the base rate for August is to be held at 5% following the Monetary Policy Committee meeting, which was held last week to determine any movement in the base interest rate. It is a move that has come as no big surprise to most, with soaring inflation levels and the slowing economy making it difficult for the members of the MPC to make any changes to the base rate. (more…)
Tags: interest rates
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