Archive for September, 2009
Thousands of rejected loans complaints to be reopened, under FSA plans
Thousands of rejected customer complaints against banks and other lenders are to be reopened under plans by the City Watchdog to clampdown on loans insurance products. Companies responsible for selling more than 40 per cent of single premium payment protection policies with secured and unsecured personal loans have agreed to review their sales and compensate [...]
September 30, 2009
Tags: consolidate debt loans, Loan calculator, loans, sub prime loans Posted in: Uncategorized 
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UK savings rates hit all time low
UK savings rates have sunk to a new all time low, according to the Bank of England, even though mortgage rates have continued to creep upwards. The figures come despite official data that suggests consumers want to save money more than at any time in the last six years, as they tighten their belts to [...]
September 29, 2009
Tags: Bank of England, falling interest rates, home loans, Interest Rates, loans rates, UK loans rates Posted in: Uncategorized No Comments
Bank of England defends Mervyn King over loans rates
Mervyn King is not trying to talk down the Pound, say Bank of England sources, who insist that the currency and loans markets have misinterpreted the governor’s comments. Sterling dropped below €1.09 and $1.60 on Friday, its lowest for nearly six months and four months respectively. Market traders attributed the weakness to a Bank bulletin [...]
September 28, 2009
Tags: Bank of England, consolidate debt loans, falling interest rates, home loans, Interest Rates Posted in: Uncategorized No Comments
Crisis – what crisis- as large homes defy downturn
Large families are returning to the property market with gusto, chasing homes in the London neighbourhoods with green spaces, good schools, period architecture, smart little shops and farmers’ markets. Prices are recovering most strongly in the area of southwest London stretching from Fulham to Richmond, taking in Chiswick, Clapham, Wandsworth and Wimbledon — amid rising [...]
September 25, 2009
Tags: Credit Crunch, home loans, Loan calculator, loans, UK loans rates, uk recession Posted in: Uncategorized No Comments
Bank of England says UK recovery could prove a false dawn
The Bank of England warned yesterday that Britain’s tentative recovery could be a “false dawn”, despite issuing a relatively upbeat economic forecast and revealing that none of its policymakers saw the need to expand the asset purchase stimulus programme this month. According to the minutes of the Bank’s rate-setting meeting this month, published yesterday, all [...]
September 24, 2009
Tags: Bank of England, home loans, Interest Rates, MPC, Quantitative Easing Posted in: Uncategorized No Comments
UK loans rates may reach 2% next year
The Bank of England may start to raise interest rates next spring and could take the cost of borrowing to 2 per cent by the end of next year, according to the latest economic forecasts. The Bank has held rates at a record low of 0.5 per cent to help businesses and consumers to contend [...]
September 23, 2009
Tags: consolidate debt loans, home loans, Interest Rates, UK loans rates, uk recession Posted in: Uncategorized No Comments
After the rises investors now take profits
The FTSE 100 slid into negative territory yesterday as investors booked profits after a six day winning streak came to an end. The index closed 38.53 points down at 5,134.36, after hitting an intra-day low of 5,108.35. The biggest drag on the London market came from the mining sector, with shares falling on the back [...]
September 22, 2009
Tags: consolidate debt loans, Credit Crunch, falling interest rates, Loan calculator, Oil Posted in: Uncategorized No Comments
Pound slips on Bank of England warning
Bank of England says that sterling’s fall could reflect long term change in Britain’s economy, with lower demand for its goods The pound hit a five month low against the euro today after the Bank of England raised the prospect of a prolonged fall in the value of sterling against other currencies as a result [...]
September 21, 2009
Tags: Bank of England, Credit Crunch, Quantitative Easing, uk recession Posted in: Uncategorized No Comments
UK labour goverment borrowing highest on record
The appauling state of Britain’s public finances were laid bare today as the labour Government unveiled new figures that showed public sector net borrowing swelled by a record £16.1 billion in August. It was the largest increase in the amount of new debt held by the UK Government since records began. With the recession continuing [...]
September 18, 2009
Tags: Credit Crunch, home loans, Loan calculator, loans, uk recession Posted in: Uncategorized No Comments
Gordon Brown accused of lying to Parliament on cuts
Gordon Brown was accused last night of misleading the Commons after leaked Treasury papers disclosed unpublished government plans to cut spending by £36 billion a year by 2014. David Cameron said that while Mr Brown was accusing the Conservatives of planning cuts of 10 per cent, and insisting that he did not want to do [...]
September 17, 2009
Tags: consolidate debt loans, Credit Crunch, labour liars, Loan calculator, uk recession Posted in: Uncategorized No Comments
