Overdraft rates at 10 year high
Authorised overdraft rates have reached their highest level for a decade. The average interest rate on agreed overdrafts has reached 14.22%, the highest since May 2000. The high comes despite the Bank rate remaining at a record low of 0.5%, although some banks have changed overdraft pricing policy. The Bank rate then was at 6% [...]
May 14, 2010
Tags: borrowing, home loans-rates-UK, Interest Rates, loans, loans rates, UK loans rates Posted in: Uncategorized 
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Bank of England interest rates to stay low for years
The head of the Bank of England- Mervyn King believes interest rates in Britain will stay lower for longer than the markets expect. The Bank of England governor said that the tax increases and spending cuts that would be needed would be so unpopular as to keep the party that introduced them “out of power [...]
May 6, 2010
Tags: Bank of England, BoE, borrowing, home loans-rates-UK, Interest Rates, loans, loans rates, Mervyn King Posted in: Uncategorized No Comments
UK home loans problem looms
A huge potential spanner in the home loans market is looming on the horizon over the UK property market. From 2011, home loans lenders will have to find about £300bn to repay the government for the money it lent them via its emergency support schemes – the special liquidity scheme and credit guarantee scheme – [...]
April 20, 2010
Tags: borrowing, home loans, home loans-rates-UK, house prices, labour liars, Quantitative Easing, UK loans rates Posted in: Uncategorized No Comments
Watchdog warns banks to review lending policies
Lenders have been told they must not mislead borrowers and must assess if customers can afford to repay loans. The new requirements form part of new guidance from the Office of Fair Trading (OFT) to counteract irresponsible lending. The OFT has been consulting on its latest guidance since the middle of 2008. The regulator can [...]
March 31, 2010
Tags: borrowing, consolidate debt loans, Credit Crunch, home loans-rates-UK, Loan calculator, loans, refinancing rates, sub prime loans Posted in: Uncategorized 2 Comments
New mortgage agreements halved in January
The January downturn in the property market has been underlined by the latest figures from the Council of Mortgage Lenders (CML). Home loans agreed with house buyers fell by 49% from December, after buyers rushed to beat the reintroduction of the old stamp duty thresholds. There were just 32,000 loans approved for house buyers in [...]
March 10, 2010
Tags: home loans, home loans-rates-UK, house prices, loans, mortgage calculator, uk recession Posted in: Uncategorized One Comment
Bank of England freeze on UK interest rates continues
UK interest rates have been left at 0.5% following the Bank of England’s latest meeting. The cost of borrowing has been at a record low since March 2009 and economists do not expect the central bank to raise rates in the near term. The Bank’s Monetary Policy Committee (MPC) also maintained the quantitative easing (QE), [...]
January 8, 2010
Tags: Aussie loans rates, Bank of England, Credit Crunch, home loans-rates-UK, Interest Rates, Loan calculator, MPC, Quantitative Easing, uk recession Posted in: Uncategorized No Comments
UK loans interest rates could rise as early as March
UK loans interest rates could start to rise in two months’ time, according to one economist. Signs of an economic recovery and sharply rising inflation could force the Bank of England’s monetary policy committee (MPC) to consider raising rates early this year, an analysis by Henderson New Star indicated. The company’s “MPC-ometer” – a statistical [...]
January 7, 2010
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UK loans interest rate remains at 0.5%
The Bank of England has held UK loans interest rates at the record low of 0.5% in a widely expected move. It also announced no changes to its programme of pumping newly-created money into the economy – so-called quantitative easing (QE). In November, the Bank of England said it would inject another £25bn, taking the [...]
December 10, 2009
Tags: Credit Crunch, home loans, home loans-rates-UK, Quantitative Easing Posted in: Uncategorized No Comments
UK inflation falls to lowest in five years
The rate of UK inflation fell more than expected last month, dropping to the lowest level in five years, as the downturn kept a lid on price pressures. The Consumer Prices Index (CPI) showed that prices rose 1.1pc in September compared with a year earlier. City economists had expected the figure would come in at [...]
October 13, 2009
Tags: Bank of England, Credit Crunch, home loans-rates-UK, inflation, Quantitative Easing, uk recession Posted in: Uncategorized No Comments
Loan Payment Calculator- refinancing for self employed and people with bad credit histories
Loan Payment Calculator- You may want your loan for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen. Your loan can be for any purpose and [...]
July 6, 2009
Tags: home loans, home loans-rates-UK, Interest Rates, Loan calculator Posted in: Uncategorized No Comments
