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Latest news on personal loans & mortgages |
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10 May 2012
Bank of England has continued to hold UK interest rates at a record low of 0.5% and is not extending its quantitative easing programme (QE)... read more...
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10 May 2012
9,600 homes were repossessed in the UK in the first three months of the year, according to lenders... read more...
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2 May 2012
UK consumers continued their cautious approach to debt in March as demand for home loans and unsecured credit remained weak... read more...
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5 Apr 2012
The Bank of England has continued to hold UK interest rates at 0.5% and announced no change to its quantitative easing (QE) programme... read more...
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2 Apr 2012
The Co-operative Bank will raise its standard variable mortgage rate (SVR) by 0.5 percentage points from 1 May... read more...
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21 Mar 2012
Individual’s income tax personal allowance will increase by a further £1,100 in April 2013 to £9,205, Child Benefit will be withdrawn from households where someone has an income over £50,000 a year... read more...
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20 Mar 2012
A shortage of homes coming to market and interest rates not expected to rise for three to five years will support the housing market, says Council of Mortgage Lenders... read more...
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15 Mar 2012
The government is currently talking to the payday loans industry about whether its code of conduct needs tightening, with restrictions on the rolling over of debt... read more...
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15 Mar 2012
Virgin has issued a “take it or leave it” ultimatum, telling customers to accept the rises or pay off their balances... read more...
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12 Mar 2012
People who have had five years in a council house could receive a 35% discount, with an extra 1% for each added year up to a maximum of £75,000... read more...
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9 Feb 2012
The Bank's Monetary Policy Committee (MPC) said it would keep interest rates at their record low of 0.5%. UK interest rates have been held at that level since March 2009.
The Bank of England has also agreed to extend its quantitative easing (QE) programme by £50bn to give a further boost to the UK economy. When completed, it will bring the total amount of QE stimulus to £325bn.
The Bank started its QE programme, through which it buys mainly government bonds from banks freeing up cash for lending.
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