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We reported yesterday on comments made by a senior member of the Bank of England’s Monetary Policy Committee (MPC) regarding the recent drops in the base rate of interest on homeowner loans and also on the likelihood that these would increase once the current economic down turn had passed, possibly as quickly as they have [...]

We have all become aware of the diminishing numbers of homeowner loans and secured loans which are currently available to consumers, following the current banking crisis and we have reported on the subject many times over the past few months.
But there is now a growing concern from homeowner loan brokers regarding the particularly short shelf [...]

Thursday this week will see the Bank of England’s Monetary Policy Committee (MPC) meet once again for its usual monthly meeting, during which they will make the decision on what level the base rate of interest on loans and savings should be set at for the following month.
Over the course of the past few [...]

Over the course of the past twelve months, banks, building societies and other lending organisations have been forced to tighten their lending criteria, due to the effects of the credit crunch and the recent banking crisis.
Unsecured loans as well as secured loans and mortgages have all been affected, as a large number of lenders and [...]

It has been a couple of years of turmoil for Northern Rock, with their situation changing dramatically on a regular basis.
Firstly, the lender was nationalised back in 2007, following the collapse of the bank, with an injection of cash from the Government of £27 billion in the form of a loan. Since then Northern Rock [...]

The effects of the credit crunch and the inability of banks and building societies to be able to offer new homeowner loans to potential buyers has had a dramatic impact on the housing market as a whole throughout the past year, but the latest figures from the Council of Mortgage Lenders (CML) have revealed just [...]

Over the course of the past few months, we have seen the bank base rate of interest reduce significantly from 5 per cent in October last year, to just 1 per cent last week, following the most recent meeting of the Bank of England’s Monetary Policy Committee (MPC).
Many individuals have saved huge amounts of money [...]