Jan 22, 20090

Interest Rates to Go Down Further

Categories: Banks

uk

Interest rates, apparently, will again be lowered a few weeks from now following the Bank of England’s announcement that there is undisputed support to make it possible. The institution’s monetary policy committee recently slashed interest rates by 0.5 percent to 1.5 percent. It is the lowest interest rate ever for the bank since it was established.   Since October of last year, interest rates have gone down by three and a half points. A member of the committee even proposed a full percentage point ... Read More

Jan 13, 20090

Lowest Mortgages Only For Big Time Borrowers

Categories: Banks, Consumers, Taxes

bank_of_england

Cuts in mortgage rates have already been implemented but the unfortunate thing is that they are only offered to those borrowers who have large deposits. The said decrease in mortgage rates is the lowest in five years.    The new buyers who only have below a quarter of the desired property’s value  still cannot avail  of this lending drought benefit.    Standard variable rates and new tracker have gone down to record speed based on ... Read More