Archived News
Banks are accused of misleading customers over packaged accounts - Date: 26/07/2010
Banks are pressuring customers to sign up to inappropriate and expensive packaged accounts, Times Money has found. Customers complain that they often face an aggressive and sometimes underhand sales p...
FSA to ban self-certification mortgages. - Date: 14/07/2010
Lord Turner, the chairman of the Financial Services Authority, yesterday said the watchdog would press ahead with plans to ban self-certification mortgages as he unveiled research showing that an alar...
Time ripe for First Time Buyer's - Date: 15/06/2010
The time could be ripe for first time buyers to make their first steps onto the property ladder, research conducted by Santander has found. Figures show that average monthly rental prices are now high...
Interest rates are held once more. - Date: 09/07/2010
The base rate of interest has been frozen at its historical low point of 0.5% once again....
Cohabitants need further advice - Date: 09/06/2010
Cohabitants face potential pitfalls that do not affect other buyers, according to law firm Buss Murton....
Cost of housing falls by 6 per cent. - Date: 28/06/2010
The cost of owning and running a home in the UK has dropped by 6% over the past two years, according to new research by Halifax....
Repossessions continue to drop. - Date: 24/06/2010
Home repossessions in the first quarter of 2010 dropped to a two year low, according to the latest official data from the Financial Services Authority. The regulator revealed the number of new re...
Homebuyers look to advisers. - Date: 19/05/2010
Figures showing that homebuyers continue to place their trust with advisers when choosing a mortgage deal have been welcomed by the Investment management Association (IMA). Data from the FSA and ...
Death knell sounds for interest-only mortgages. - Date: 13/05/2010
Lloyds Bank is cutting back on interest-only mortgages as it seeks to mitigate the increased risks posed by such deals. The bank, which is Britain's biggest mortgage lender and is part-owned by the ta...
Fixed mortgage rates drop to a record low. - Date: 10/06/2010
Mortgage costs are plummeting with fixed-rate deals falling to a record low in May thanks to growing competition among lenders, the Bank of England said yesterday. Average interest rates charged ...
House sales up after HIPs axed. - Date: 01/06/2010
Sellers are returning to the housing market in droves since the scrapping of Home Information Packs. There has been a 34% rise in the number of sellers since the announcement, first reported in t...
Independent advice still key to right mortgage. - Date: 11/05/2010
Borrowers still have faith in the power of independent financial advice, research from Kensington reveals....
David Cameron hints at interest rate rise to combat 'worrying' inflation. - Date: 01/06/2010
The Prime Minister has voiced alarm at the level of inflation, issuing a veiled hint that the Bank of England should consider taking action and perhaps even raise interest rates. David Cameron sa...
Huge interest for overseas property. - Date: 21/04/2010
The latest figures from Worldwide Property Group reveal a significant rise in interest for overseas property....
Hung Parliament could send mortgage costs soaring! - Date: 10/05/2010
Mortgage costs could be pushed up by £60 a month if a hung Parliament prevents difficult decisions being taken to curb Britain's ballooning budget deficit. Homebuyers are urged to consider ...
HIPs to be scrapped - Date: 20/05/2010
The hated Home Information Packs are to be scrapped at last, it will be announced today. The news will be greeted by widespread applause in the housing market from estate agents to buyers and sel...
Mortgage lending down almost 90% from 2007 peak, figures show - Date: 05/05/2010
High street banks were last night forced to fend off fresh attacks that they are obstructing first-time buyers and throttling the housing market, after data showed mortgage lending has fallen almost 9...
Mortgage rates hit 12 month low. - Date: 28/04/2010
Mortgage rates have dropped to their lowest level in a year, according to the latest research from Moneyfacts Group. Having peaked in August last year, the data shows that mortgage rates have been ste...
Homeowners advised to fix now. - Date: 26/04/2010
Brokers are urging homeowners on standard variable rate (SVR) mortgages to move on to fixed-rate loans as they are at their cheapest for 10 months. Borrowers paying the average SVR could save &po...
Mortgage lenders reveal stamp duty concerns. - Date: 26/03/2010
The Council of Mortgage Lenders (CML) has warned there will be genuine practical barriers to the effective implementation of the stamp duty concession for first time buyers announced in Wednesday's Bu...
Rise in stamp duty on £1m-plus homes will fund first-time buyers. - Date: 25/03/2010
Buyers of homes that are worth more than £1 million will be hit by a higher rate of stamp duty to fund a temporary scrappage of the tax for first-time buyers, the Chancellor said on Budget day. ...
Mortgage boost for BTL investors - Date: 19/04/2010
A growing number of landlords are planning to purchase residential property for investment purposes over the next three months, despite believing problems with accessing finance still remain, accordin...
FTBs flock to advisers. - Date: 18/03/2010
Potential first time buyers (FTBs) are seeking mortgage advice in their droves. Over six in ten (42%) enquiries for whole of market mortgage advice in February were from FTBs looking to purchase their...
Property value recovery continues. - Date: 15/04/2010
Homeowners in the UK have seen the value of their property rise by almost £15K over the past 12 months, the latest government data has revealed. House prices were 7.4% higher in February th...
Five mortgage advisors declared in default. - Date: 15/04/2010
The Financial Services Compensation Scheme (FSCS) has declared five mortgage advisors in default, clearing the way for people who lost money as a result of their dealings with the firms to claim compe...
Aldermore to enter broker market. - Date: 10/03/2010
Aldermore has confirmed it plans to launch a range of mortgage products exclusively via intermediaries during the second quarter of the year. The new lender said it intends to target both the resident...
Mortgage brokers offering value. - Date: 29/01/2010
"The proportion of the market that brokers have access to may have fallen, but it looks like they are starting to compete evenly on price. Brokers have and always will form an integral part of a healt...
Home loan bonanza for buyers. - Date: 22/02/2010
The housing market received another boost yesterday as it emerged that a record number of mortgage products have been launched this year. The different home loans available have broken through the 2,0...
Outlook for house prices flat for 2010. - Date: 31/03/2010
House prices rose by a surprising 0.7 per cent in March, reversing much of the previous month's fall in prices, according to Nationwide building society. The expectation had been that the end of the m...
Mortgage product numbers soar. - Date: 17/03/2010
Lenders are showing they 'are open for business,' with figures from Moneyfacts Group showing that the number of mortgage products has increased by 70% since hitting a low last April. The financial cri...
UK house prices 'to slump as credit crunch returns'. - Date: 16/02/2010
A second mortgage credit crunch that will send UK house prices into a new tailspin is looming, economists and credit experts have warned. The squeeze on debt will begin to be felt in January next year...
Buy-to-let tax break plan attacked as further blow to first-time buyers. - Date: 15/03/2010
Thousands of first time buyers will be priced out of the housing market if the Treasury presses ahead with plans to offer new tax breaks to buy-to-let investors, campaigners warn today. The sharp rise...
Loans based on future rates. - Date: 01/03/2010
The amount of money banks and building societies are willing to lend to home owners is being based on future interest rate rises for the first time, it can be disclosed. Lenders are so concerned about...
Unawareness on mortgage rates. - Date: 04/03/2010
Over three million homeowners are unaware of the rate of interest which they are currently paying on their mortgage. 35% of borrowers are currently repaying their home loan at their lender's stan...
House prices doubled during the 2000s - Date: 27/01/2010
The noughties proved to be nice for homeowners during the 2000s as house prices doubled during the decade.This is according to a survey carried out by the Halifax, reviewing house price performance ov...
SVR winners and losers. - Date: 25/01/2010
Will Mortgage clients leave it too late to switch to a Fixed rate?...
AMI supports stamp duty proposals - Date: 03/02/2010
The Association of Mortgage Intermediaries (AMI) has voiced its support for Conservative plans to raise the current stamp duty threshold to £250,000. Robert Sinclair, AMI Director, said: &q...
House prices: housing market seizes up in Britain's big freeze - Date: 09/02/2010
Snow and freezing temperatures almost brought the property market to a halt last month, according to estate agents. The latest survey from the Royal Institution of Chartered Surveyors found a fifth mo...
Tracker popularity set to fall. - Date: 25/01/2010
Homeowners soon having to remortgage are set to shun tracker deals as expectations rise of an increase in base rate. According to Santander, more than 880,000 mortgage deals will come to an end over t...
Skipton slaps extra £2,000 on mortgage bills. - Date: 21/01/2010
Tens of thousands of homeowners are facing an extra £2,000 interest on their mortgages every year after Skipton Building Society tore up its contract with customers, blaming the "exceptiona...
Mortgage costs hit 5-year low - Date: 18/01/2010
New fixed-rate and tracker-rate mortgages have become cheaper this week - with some rates falling by as much as 0.6 percentage points - as new figures show that homebuyers' ability to repay has improv...
House price hikes boosts hopes of a full recovery. - Date: 18/01/2010
Rocketing prices and cheaper mortgages are fuelling a January property bonanza. Confident sellers hiked up their asking prices by 1.2%, more than £2,600 on average, in just the first week of the...
MPC's Sentance hints at interest rate rises. - Date: 14/01/2010
Mr Sentance, a member of the Bank's nine-strong Monetary Policy Committee (MPC), suggested that financial markets would be wrong to assume that rates would remain at the historically low level of 0.5p...
Virgin gets clearance for launch into banking. - Date: 11/01/2010
Virgin Money has made its long-awaited bow in the retail banking market, yesterday agreeing to buy Church House Trust in a deal worth nearly £50m. The agreement gives Sir Richard Branson's group...
Interest rate rises on agenda. - Date: 05/01/2010
RICS believes that a buoyant housing market, along with economic stability, means interest rate rises are on the agenda for the second half of the year.Commenting, RICS senior economist Oliver Gilmart...
Home loan costs soar despite base rate freeze. - Date: 08/01/2010
Millions of homeowners are being stung by rising mortgage rates costing up to £1,400 extra a year despite the Bank of England's base rate freeze. A string of lenders have raised their standard v...
Closing legal loophole will save thousands from losing homes. - Date: 29/12/2009
Mortgage lenders will be barred from seizing a borrower's property without a court order after the closure of a legal loophole, to be announced tomorrow. In a crackdown that will be hailed as a victor...
Remortgaging: is now the best time? - Date: 21/12/2009
There's been a recovery in property prices since April which has left homeowners in a stronger position. Many may be in the best position to remortgage in more than two years, especially as lenders of...
Conservatives 'will scrap Hips' if party wins election. - Date: 24/11/2009
The Conservative Party would scrap home information packs (Hips) "in a matter of weeks" after coming to power, the Shadow Housing Minister said yesterday. Grant Shapps, housing spokesman for...
Savers see their nest eggs fall in value as inflation rises - Date: 16/12/2009
Savers are seeing their nest eggs eaten away as never before by low interest rates and rising inflation. It is virtually impossible for higher-rate taxpayers to find a savings account that keeps up wi...
House prices continue to go up despite rise in supply. - Date: 15/12/2009
House prices in the UK rose for the fourth month in a row in November, despite a flood of new properties coming on to the market, according to a survey out today. In its monthly snapshot of Britain's ...
More signs of life in housing market as lending hits a 22-month peak - Date: 11/12/2009
More evidence of a recovery in the housing market emerged yesterday as figures showed that 55,300 mortgages for house purchases were granted by lenders in October, the highest number since December 20...
Claiming refunds on Spanish homes - Date: 23/11/2009
Up to 90,000 Britons with homes in the sun could be entitled to reclaim more than £283 million in overpaid capital gains tax (CGT) after a landmark court ruling. The European Court of Justice op...
House price rises in November beat expectations. - Date: 09/12/2009
House prices rose by more than twice as much as economists predicted in November as demand for property outstripped supply. Prices rose by 1.4pc, pushing the cost of the average UK home to £167,...
Fears of credit card crisis as bank write-offs double. - Date: 01/12/2009
Fears that the banking system is facing a credit card timebomb were underlined as official figures showed that the amount of card debt banks have written off has unexpectedly doubled. In a sign that B...
House boom triggers rise in loan deals - Date: 04/12/2009
Lenders are offering more mortgage deals as rising property prices shore up confidence and spark competition, figures show today. The number of different home loans has soared by more than a third dur...
Housebuilders say sales are improving. - Date: 07/12/2009
Britain's housing market has put its worst days behind it but continues to be dogged by uncertainty, two leading housebuilders agreed yesterday. Both Berkeley Group and Bellway said sales and trading ...
Self Employed get mortgage pledge. - Date: 18/11/2009
Self Employed borrowers have been reassured that they will still be able to obtain home loans, despite a crackdown by the City watchdog on risky specialist mortgages. Self-certification loans, which r...
Yorkshire and Chelsea building societies to merge - Date: 03/12/2009
Two of the UK's biggest building societies announced plans today to merge in a move they said would create an organisation with the scale, efficiency and financial resources to provide an alternative ...
Persimmon figures point to housing market revival. - Date: 17/11/2009
Housebuilder Persimmon delighted investors with a bullish third-quarter update, saying it had already met this year's sales targets and booked a further £500million of sales for 2010. The group,...
Stamp duty holiday nears end. - Date: 07/09/2009
Would-be home buyers have been advised by Abbey to wrap up their deals as soon as possible, with the stamp duty holiday set to expire at the end of the year. Properties worth between £125,000 an...
Two more years until Britain regains strength. - Date: 12/11/2009
Bank of England warns of interest rate rises....
FSA to review compensation scheme for bank failures. - Date: 03/11/2009
The Financial Services Authority (FSA) has agreed to reassess the controversial system for compensating customers of failed financial institutions, after months of heavy pressure from critics who clai...
The Lisbon Treaty is not affecting House Prices! - Date: 04/11/2009
House prices rose by 1.2% in October, according to Halifax's monthly index. This is the fourth month in a row in which prices have increased, the lender said, and marks a rise of 7.1% since prices rea...
Credit card borrowing drops. - Date: 10/11/2009
Credit card borrowing fell by 3% and the number of cards in circulation dropped by 8% over the last year, according to PricewaterhouseCoopers (PwC). As a result, the accountancy firm said average borr...
FTBs looking to buy. - Date: 28/10/2009
Optimism continues to return to the property market after Rightmove revealed two thirds of first time buyers believe now is a good time to buy. Its latest Consumer Confidence Survey also found that 80...
House price mini boom slows as Christmas looms - Date: 29/10/2009
The unexpected "mini-boom" in house prices continued in September, according to the latest official figures, but analysts have said that a slowdown in the pace of the recent rebound has begu...
Truth will out as City regulator prepares to kill off Self Cert Mortgages. - Date: 13/10/2009
The multibillion-pound self-certification mortgage industry, in which customers are not required to provide proof of income, is set to be banned by the financial regulator. Dubbed "liar's loans&q...
Tracker borrowers face steep rises. - Date: 05/10/2009
More than 100,000 borrowers with tracker mortgages, who have been enjoying near-zero interest costs since the base rate hit 0.5% in the spring, are facing increases of hundreds of pounds in their mont...
Mortgage lending records 2% increase. - Date: 21/10/2009
Mortgage lending in the UK recorded a 2% rise in September, figures from the Council of Mortgage Lenders (CML) show. Lending totalled £12.5 billion last month, up from £12.3 billion in Aug...
Self-employed face home loan ban. - Date: 19/10/2009
Borrowers who have recently become self-employed will find it almost impossible to get a new mortgage if the Financial Services Authority (FSA) confirms an expected ban on self-certification mortgages...
Mortgage Debt cut. - Date: 05/10/2009
Homeowners paid off another £7bn of their mortgages in the second quarter of the year, figures from the Bank of England have showed. The sum was only slightly less than the record £7.3bn c...
Credit grows tighter for home buyers. - Date: 02/10/2009
British households have found it tougher to obtain credit over the past three months, but banks expect to loosen up on lending towards the end of the year, the Bank of England has said. The Bank's cre...
Rates tumbling in mortgage war. - Date: 07/10/2009
A mortgage war that threatens to crush small building societies is being waged between banks bailed out by the state and those benefiting from overseas backing. In the past week, Northern Rock, Barcla...
Demand returns to rental market. - Date: 29/09/2009
There is evidence that the rental sector is beginning to stabilise as oversupply is decreasing across the UK, while the number of new tenancies is increasing. The Association of Residential Letting Ag...
Lib Dems plan new tax for homes. - Date: 21/09/2009
Homeowners in properties worth more than £1m would face a new tax under Liberal Democrat plans to rebalance the tax system by targeting the rich. In a rebuff to David Cameron, a day after he sai...
House price bounce leaves Bank of England stunned. - Date: 30/09/2009
The Bank of England has been taken aback by the recent rebound in house prices and is watching the market carefully for any signs of excessive 'exuberance'. The comments to economists at a meeting at ...
Mortgage approvals climbing higher. - Date: 24/09/2009
The number of mortgages approved by the major banks in August was 81 per cent higher than in the same month last year. Some 38,095 home loans were approved, a rise of more than 17,000 on August last y...
Better house price numbers mask pain in most of the UK - Date: 21/09/2009
House prices have risen by 0.6 per cent this month, a report from Rightmove suggests today, though the online estate agency warns that lenders' caution and poor stock levels continue to threaten the m...
House prices continue to rise. - Date: 11/09/2009
UK house prices climbed for a second month in August in the latest sign that low interest rates and the decline of the last two years are attracting buyers. The average house price rose 0.8% to an ave...
House Prices Rise Again. - Date: 16/09/2009
UK house prices in July were 1.4% higher than in June but still 8.3% lower on a year earlier, according to the latest figures from the Department of Communities and Local Government. It means the aver...
FTB mortgage enquiries rise. - Date: 02/09/2009
Mortgage enquiries from first time buyers increased to 43% of all consumer requests in July, making it the top most searched for advice criteria, according to Unbiased.co.uk. Having experienced a lull...
New mortgage catch rocks homebuyers. - Date: 19/08/2009
Homeowners are having tens of thousands of pounds wiped off their property price because they are failing to contest low valuations. These low estimates are causing further misery to homeowners who ha...
Power prices tumble as demand drops. - Date: 25/08/2009
Wholesale gas and electricity prices have dropped to their lowest levels for almost three years as recession dampens demand and leaves energy suppliers seeking to cover losses on contracts. They have ...
Growing confidence in housing market. - Date: 28/08/2009
House prices rose by 1.6 per cent in August, their fourth consecutive monthly increase, and are rising at their fastest rate for two and a half years, figures showed today. Nationwide's latest monthly...
Housing affordability at the highest level since 1996. - Date: 17/08/2009
Housing has become more affordable than at any point in the past 13 years, according to new research which will raise hopes that the property slump could soon come to an end. Houses are at their most ...
House prices up 20% by 2014. - Date: 04/08/2009
House prices in the England will continue to fall during 2009 and 2010, but will rise by 20% by 2014, according to a forecast by the National Housing Federation. Research by the federation has conclud...
Shortage of homes for sale expected to push up prices by end of the year. - Date: 06/08/2009
An acute shortage of homes being brought to the market will push property prices up this year as bargain-hunters vie for the best deals, a leading estate agency body forecast yesterday. But it warned ...
Mortgage market recovery continues. - Date: 12/08/2009
More signs that the mortgage market is stabilising have been revealed by the latest figures from the Council of Mortgage Lenders (CML). Lending for house purchase and remortgaging both increased in Ju...
Value of commercial property increases. - Date: 07/08/2009
The value of commercial property has risen for the first time since June 2007, according to property agents CB Richard Ellis. The survey drove shares in the UK's largest property companies higher. The...
Lenders lift savings rates to fund their mortgage deals. - Date: 11/08/2009
Savers are being offered rates of almost 5% above the Bank of England base rate as banks and building societies compete to raise cash to fund new mortgages and pay off wholesale borrowing they secured...
FTSE has best month in six years. - Date: 03/08/2009
The stock market has enjoyed its best month in more than six years, boosting the savings of millions of investors and bringing hope that the worst of the recession may be over. The FTSE 100 index of l...
Small business lending up. - Date: 28/07/2009
Lending by high street banks to small businesses rose by £391 million in June, according to figures released by the British Banking Association (BBA). Last month's rise is the highest recorded i...
Mortgage approvals at 14 month high. - Date: 30/07/2009
The number of mortgage approvals for home purchases hit a 14 month high in June, as the housing market continues to show tentative signs of recovery. Figures from the Bank of England have revealed tha...
Banks will be re-privatised in time. - Date: 14/07/2009
Taxpayers have been assured that the financial institutions that were nationalised during the banking crisis will revert back to private companies when the time is right. The call was made by UK Finan...
Property transactions increase . - Date: 22/07/2009
Further positive news regarding the seemingly improving state of the housing market has been delivered by HM Revenue and Customs. The authority revealed the number of residential property transactions...
Intermediaries lead lending. - Date: 17/07/2009
Industry figures have revealed that mortgage intermediaries continue to lead the way in home loan lending, despite renewed efforts to increase direct distribution. Data released by the Council of Mort...
Land Registry increases fees. - Date: 07/07/2009
The Land Registry has announced it is to increase some of its fees for the first time in over 15 years. The government department records and guarantees the ownership of domestic and commercial proper...
IMF sees shoots of recovery for UK economy - Date: 09/07/2009
Having endured its sharpest slump in 75 years, the British economy should return to growth in 2010, according to the latest forecasts from the International Monetary Fund. But leaders of the world's r...
Cut unfair loan rates! - Date: 16/07/2009
The rate at which banks and building societies lend to each other fell to the lowest level for more than 20 years. The rate, known as Libor, fell below one per cent for the first time since it was set...
Mortgage approvals hit 15 month high. - Date: 24/07/2009
Mortgage approvals by UK banks hit a 15 month high in June, fuelling hopes of a property market recovery, according to the British Bankers' Association (BBA). A total of 35,235 mortgages were approved...
Cost of running a home falls by 17%. - Date: 29/06/2009
The cost of owning and running a home has fallen by nearly a fifth during the past year to its lowest level since 2006, research has suggested. The average property cost £7,298 a year to run in ...
House Sales highest for 14 months - Date: 06/07/2009
There are further signs that the UK housing market is experiencing a recovery, with new figures showing that house sales are at a 14 month high. The encouraging figures have been revealed in June's Ag...
House prices rise in June. - Date: 01/07/2009
Hopes that the housing market may be starting to bottom out were boosted on Tuesday, when new figures showed that house prices had risen in June for the third time in four months. Prices rose by 0.9 p...
Buy to Let Investors returning to Market. - Date: 25/06/2009
Increasing numbers of buy-to-let investors are keen to return to the market as they believe property prices will stabilise and rise during the next 12 months, according to Young Group. Results from a ...
Mortgage approvals hit highest level for 13 months. - Date: 24/06/2009
Mortgage approvals by the main high-street banks rose by an annual rate of almost 16 per cent last month, touching a 13-month high, according to the British Bankers' Association. The BBA said a total ...
Repossessions relief at CML is widely shared. - Date: 23/06/2009
The Council of Mortgage Lenders (CML) has revised down its prediction of the number of homes that will be repossessed in 2009 from 75,000 to 65,000 in the latest update to its housing market forecasts...
Be quick off the mark to lock in the best fixed-rate home loans - Date: 22/06/2009
A string of big-name mortgage lenders rushed to increase the cost of their fixed-rate deals this week. But market specialists were insisting homebuyers and those looking to remortgage have not missed ...
Fixed rates are proving popular. - Date: 12/06/2009
The take-up of fixed rate mortgages has continued to rise as a result of interest rates having apparently reached a floor, according to the Council of Mortgage Lenders (CML). April saw 69% of borrower...
Buyers beware as confident home sellers start to hold out for the asking price. - Date: 15/06/2009
Buyers are beginning to lose the upper hand in house sales as fresh evidence suggests that in some regions of the country sellers are successfully holding out for close to the asking price. Nearly two...
Home Buyer Confidence is Increasing - Date: 18/06/2009
Property prices will rise by an average of 1.4% over the next year as cautious optimism returns to the housing market, according to the Building Societies Association (BSA). The prediction represents ...
Positive signs in the Housing Market. - Date: 22/06/2009
The house builder Taylor Wimpey has said it has seen signs that the situation in the UK housing market is beginning to improve. The firm revealed the severe downside scenarios for which it had been pl...
House Prices Rise 2.6% in May - Date: 04/06/2009
UK house prices rose 2.6% in May, following three successive months of falls. The figures from The Halifax House Price Index are further signs that the housing market may be making a slow recovery, al...
Warning as mortgage rates rise at Nationwide - Date: 11/06/2009
Nationwide, the country's largest building society, is raising its mortgage rates, a move that will prompt other lenders to follow, experts said. The high street lender is increasing all its fixed-rat...
Help Needed For First Time Buyers. - Date: 08/06/2009
The Association of Mortgage Intermediaries (AMI) has called for further Government action to help first time buyers after the Bank of England's decision to keep interest rates on hold at 0.5%. Accordi...
BOE Base rate remains unchanged at 0.5% - Date: 05/06/2009
The Bank of England's Monetary Policy Committee (MPC) has voted to maintain the base rate of interest at 0.5% for the third consecutive month. It was also announced that the Bank's quantitative easing...
Housing Outlook Still Uncertain. - Date: 22/05/2009
Lending down 57% for March & April compared to 2008 according to CML figures....
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