The news may now seem as though it becoming a little bit repetitive, but the Bank of England has decided to keep the base rate of interest for loans and savings at its current historically low level of 0.5 per cent for yet another month.
In its usual monthly meeting yesterday (Thursday 7th April), the Monetary [...]
Taking out a new home owner loan or mortgage can be confusing enough at the best of times for someone who is not perhaps an expert in the subject, but it seems that the problem has become worse in recent months as banks and building societies have introduced a whole range of additional fees and [...]
Last week, the Bank of England kept the base rate of interest for loans and savings at the all time low rate of just 0.5 per cent for yet another month, making it almost two years without a change in the basic cost of a home owner loan or mortgage.
But this has made many potential [...]
Since the recent credit crunch and banking crisis, it has become much harder for individuals to obtain a personal loan from a traditional source, such as a bank and even if they are accepted for a loan, they will probably pay a small fortune in interest for the privilege.
It is hardly surprising therefore, that more [...]
Tomorrow (Thursday 9th September) is the scheduled date for the next meeting of the Bank of England’s Monetary Policy Committee (MPC), during which the current state of the UK economic conditions arte discussed and the base rate of interest for loans and savings is set for the coming month.
As usual, the normal speculations are being [...]
It is widely expected that the next general election is likely to take place during the month of May this year and one minister has announced that if Labour are re elected, then they will introduce a new socially responsible financial system.
Helen Goodman MP, Secretary of state for work and pensions, made the announcement during [...]
A number of banks and building societies are offering various incentives in order to entice first time buyers back into the housing and home owner loan markets.
The latest of these offers comes from the Dunfermline building society, which has reduced its interest rates on home owner loans for first time buyers, in the hope that [...]
