Tag: Interest rates

Homeowners hurry to remortgage

Recently released data reveals homeowners are switching to record low fixed mortgage rates in a bid to take advantage of the ongoing price war between lenders and the increased equity available on their homes. The firm Legal Marketing Services have … Continue reading

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Posted by: Leanne Halsey Categories: Finance, Mortgages, Property Advice Tags: , , , , , Leave a comment

Fixed-rate mortgages at record low

According to the Bank of England, there has never been a better time to be looking to borrow for a home loan. In fact, the interest rates offered on savings accounts at the moment, which themselves are low, are still … Continue reading

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Posted by: Leanne Halsey Categories: Economy, Mortgages Tags: , , , Comments Off

Bank of England’s MPC United on Holding Interest Rates

The Bank of England have agreed to keep interest rates at a record low of 0.5%. This came after a retreat by two members of the Bank’s flagship Monetary Policy Committee (MPC), Ian McCafferty and Martin Weale, who had originally … Continue reading

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Posted by: Leanne Halsey Categories: Economy, Latest News Tags: , , Comments Off

Interest rate rise on the cards

Mark Carney, talking to Birmingham Post, had claimed that inflation is likely to drop below 1% over the next few months, not rising again until late 2015. “…for this economy to have balance and inflation to get back to 2% … Continue reading

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Posted by: Leanne Halsey Categories: Economy, Industry News Tags: , , 1 Comment

Fixed-rates for mortgage plans reach new low

The steady decrease in fixed-rate mortgage prices continues as HSBC announce new mortgage plan with a five-year fixed-rate of 2.48%, edging ever closer to the record lows set by Yorkshire Building Society at 2.44% in August 2013.

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Posted by: Leanne Halsey Categories: Latest News, Mortgages Tags: , , , , Comments Off

Interest rates could be retained at historic low for a while yet, says a Bank of England Governor

  Interest rates might be retained at their historic low of 0.5% for far longer than first expected, the Bank of England’s deputy governor has identified, in what will be welcome remarks to those suffering from the inflationary pressures of … Continue reading

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Mortgage approvals fall month-on-month; a clear sign the housing market is slowing down

The number of mortgage approvals made by lenders for September fell 10% on the previous year, representing a 14 month low in mortgage lending activity in a clear indication that the housing market is undergoing its greatest slowdown in recent … Continue reading

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Posted by: Leanne Halsey Categories: Industry News, Mortgages, Property Market Tags: , , , Comments Off

‘Welcome news for consumer spending power’ as UK inflation rate falls to 1.5%

Consumers across the UK have seen the inflationary pressures on their wages softened over the past month, with the latest annual disclosure indicating that it fell to just 1.5% in the year to August.

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