interest rates

Interest only mortgage loans subject of controversy

Interest only mortgage loans subject of controversy

Recent statistics released by the FSA indicate that the housing market is really not faring as well as it appears…

Nationwide Cuts Personal Loan Rates to a UK Low of 6.2%

Nationwide Cuts Personal Loan Rates to a UK Low of 6.2%

Despite the recent onslaught of negative economic news, it seems that there may be some hopes for optimism for some…

Low interest rates mortgages no longer a good deal

Low interest rates mortgages no longer a good deal

Within the past year, fees associated with mortgages have risen by greater than 30% which is not such a great…

Homebuyers Face Average Deposit of £66,000

Homebuyers Face Average Deposit of £66,000

In recent months we have been hearing how difficult it is for first-time homebuyers to qualify for a mortgage due…

Low Interest Rates Hurting UK Savers

Low Interest Rates Hurting UK Savers

Since the interest rates were cut in mid 2008, borrowers in the UK have lost approximately £49bn, according to latest…

How Interest Rates are Determined by the Bank of England

How Interest Rates are Determined by the Bank of England

In a recent post released by the BBC, an effort was made to describe just exactly how the Bank of…

Inflation Forecast to Fall Rapidly in 2012

Inflation Forecast to Fall Rapidly in 2012

As economies struggle to stabilise around the world, the Bank of England released its quarterly Inflation Report which has a…

Brits expect interest rates to rise in 2011

Brits expect interest rates to rise in 2011

British savers expect interest rates to rise in 2011 with two third expecting rates to be higher before the New…

Rate rises ruled out as inflation hits new high

Rate rises ruled out as inflation hits new high

There was some good news for millions of borrowers in the UK this week with the Governor of the Bank…

Personal loan interest rates hit highest level for a decade

Personal loan interest rates hit highest level for a decade

The average interest rate on personal loans in the UK has reached its highest level in over ten years according…