Tuesday, September 6, 2016
Economic News August 2016 On the 4th of August, the Bank of England Monetary Policy Committee unanimously agreed to cut the base interest rate to 0.25 per cent from its already record low level of 0.5 per cent, where it had remained...
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UK HOUSE PRICE INDEX: June 2016 (released 16 August 2016) The June 2016 house price index data for the UK showed a monthly rise of 1.0 per cent across England, Wales, Scotland and Northern Ireland, while in England the increase was slightly...
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The seven-year itch Both Coventry Building Society and Barclays Bank have announced the launch of some highly-competitive 7-year fixed rates. These deals not only offer longer term security for borrowers, but have been priced to match the...
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Leeds Building Society improves its Buy-to-Let criteria Leeds Building Society has introduced a greater degree of flexibility into its criteria, by announcing that it will no longer impose a maximum tenancy period for...
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Fixed or variable? Falling funding costs and a recent cut in the Bank of England Base Rate means that the choice of mortgage deal is as good as it’s ever been for borrowers. Fixed rates are currently at record lows,...
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Bank of England cuts base rate Last week saw the Bank of England cut Base Rate for the first time in over 7 years, to a historic low of just 0.25%. The move follows months of speculation, and mortgage-holders will now be keen to...
Read MoreTuesday, August 2, 2016
Ten-year fixed rates There has been good news for borrowers over recent weeks, as lenders have responded to falling funding costs by launching some record-low 10 year fixed rates. Products that lock borrowers in for that length of time have...
Read MoreTuesday, August 2, 2016
Lenders react to possible base rate cut All eyes were on the Bank of England this week, following widespread speculation of an impending cut in the Base Rate - the first since March 2009. The Monetary Policy Committee has however...
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