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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income tax personal allowance will increase by a further £1,100 in April 2013 to £9,205, Child Benefit will be withdrawn from households where someone has an income over £50,000 a year...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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12 Jan 2012
UK interest rates have been held at their record low of 0.5% by the Bank of England's Monetary Policy Committee.
Interest rates have been kept at 0.5% since March 2009.
The Bank did not announce any increase in its policy of quantitative easing. In October, the Bank said it would pump another £75bn into the economy.
The decisions were widely expected, and come amid concerns over the economy's strength due to weak consumer spending and the eurozone crisis.
Data released by the Office for National Statistics on Thursday pointed to a surprisingly sharp downturn in industrial output - including the manufacturing sector - in November last year.
Eurozone interest rates have also been left unchanged - at 1% - by the European Central Bank.
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