The Lowest Mortgage Rate in Decades Homeowners are today missing out on some the lowest fixed mortgage rate deals available in the last twenty four years. On the 9th March 2009 the Bank of England first reduced the base rate to 0.5% where it has remained for the last 31 months and homeowners have...
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Bad Credit Ratings Affect Us All Just as the world is warming up, the credit climate has undergone a profound change since the recession took hold as many of us find we have bad credit records. According to the latest Bank of England figures, around 1.6 million of us apply for some form of...
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The Money Saving Experts advise us that we are in the midst of probably one of the worst financial year on record. We have seen the meltdown of our financial markets, motor manufacturing, housing and retail markets. These markets are all fighting their way through this recession for their survival and existence. Already some...
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The CBI The Bank of England base rate remains at 0.5% for the third consecutive month there are warnings recommending that higher fixed rate mortgage deals are on the horizon. Borrowers are reluctant to remortgage now due to the low interest rates they have with their current mortgage deals. This benefits borrowers on tracker...
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Money saving Expert says, surely the Bank of England base rate cannot drop any further? They could drop another half a percentage point to zero but there seems little point in reducing interest rates further. The government and the Bank of England have now introduced and started the process of Quantative Easing. They will...
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Inflation has fallen to its lowest rate since 1960 and now stands at 0%. The inflation rate is calculated from the prices of a range of different goods and services selected to represent average spending patterns in the UK. There are two different methods of calculating inflation The retail prices index (RPI) is intended...
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The question of whether to over pay your mortgage or accept a low return on your money invested is an importance issue in today’s economic climate. As a money saving expert, I will explain how you can save thousands of pounds by over paying your mortgage and why it is more tax efficient than...
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In today’s climate of recession meltdown it is difficult not to scaremonger or upset anyone when analysing the world around us, the consequences to each of us and the impact of the debt our children might one day inherit. Are the changes that have been implemented by the government and the Bank of England...
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Edward Ball, the Secretary of State for Children, Schools and Families recently quoted that “this financial mess is global and as bad as we have seen for 100 years.” It’s obvious that Ed Ball thought he could say it better than Mervyn King the governor of the Bank of England who had already stated...
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What’s the alternative? The problem we face now is not the cost of money but the availability of money. We need the interbank base rate to ease up to make it possible for banks to get money from the markets to allow them to lend again properly. The low interest rates at present do...
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