Where Are The Best Interest Rates To day we are certainly seeing some of the best interest rates ever seen in the history of motgage lending. Back in 1975 there was around 5,000 different interest rates available in the UK mortgage market and just before the credit crunch four year ago there were over 18,000 different interest...
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The news so far is that some Estate Agents have indicated that the property market looks to be stabilising. The average value of a UK home has fallen by 17.7% during the last year from £194,953 to £160,327 according to the Halifax. This means that the average house has lost £30,000 in the last...
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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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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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The Bank of England’s interest base rate is expected to reach an all time low of 1% later today. The current rate of 1 ½ % is the lowest level of interest base rate ever seen in 315 years since it was established in 1694. This is dreadful news for savers but great news...
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Over the years I have come across people who have been brainwashed into remortgaging every two or three years by their Bank, Building Society or their Mortgage Broker. These intelligent people are sold the story that know body knows where the interest rates will be in two or three years time and it is...
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There seems little point in reducing interest rates any further as the interest rate cuts are proving to be ineffective and the Bank of England base rate cuts are proving to be unpopular with savers and borrowers. The pound is falling against the dollar and the euro. Savers are not being rewarded for saving...
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The Bank of England decision today to drop interest rates to 1½ % is the lowest interest rate in the Banks 314 year history, since it was established in 1694. The Banks of England’s reason for another drop in the base rate is their concern about inflation, the costs of imports as sterling is...
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The Banking Concept! Confidence, Trust, Safety and Profit. When all that fails ask the Government for HELP More Interest Rate Cuts to follow The bank of England cut interest rates from 4.5% down to 3% this month and then commented that they had thought of a bigger drop in the base rate. But they...
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In the wake of last weeks shock announcement by Bank of England of a 1½% interest rate drop from 4.5% down to 3%. This was not before time! Around 40 mortgage lenders withdrew their trackers rate products from the market and said they would be reviewing and relaunching their tracker products later this week. By last Friday...
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