It would appear that since the effects of the credit crunch are finally being felt by the majority of the UK population and with the prospect of a looming recession to look forward to, the penny has eventually dropped for many individuals with personal loans and credit card debt, as they begin to make a [...]
Yes it’s the first Thursday of the month once more and as usual the Bank of England’s Monetary Policy Committee (MPC) has held its meeting to discuss, amongst other things, the base rate of interest which will be applied to home owner loans and other personal loans.
And for the third month in a row, in [...]
Over the course of the past couple of months we have seen the Bank of England reduce the base rate of interest on home owner loans and other secured loans by 2 per cent, to three per cent and it seems likely that we will see further rate cuts going forward, possibly even before Christmas.
Whilst [...]
As the effects of the credit crunch continue to have an impact on many individuals in the UK, with the prospect of worse to come over the course of the next twelve months, a large number of people are facing the situation where they are falling into arrears on their secured loans and home owner [...]
Over the course of the last two months we have seen the Bank of England base rate of interest on loans and mortgages fall to a record low level of three percent, from five per cent only two months previously.
Many people with secured loans and homeowner loans have seen the monthly cost of their [...]
