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Posts Tagged ‘Bank of England’

Interest Rates hit 12 month record

Posted in Banking, tagged , , , on March 4, 2010 | Leave a Comment »

The Bank of England will today hold interest rates at the record low of 0.5% it is widely expected. A wise decision given we are holding onto the climb out of the recession by our finger nails! Concerns regarding the sharp rise in inflation in January led to the Governor of The Bank of England [...]

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Mortgages

Posted in Property News, tagged , , on July 9, 2009 | Leave a Comment »

Although the Bank of England have not increased the base rate today we are hearing of some increases from banks and building societies. Birmingham Midshires for one have increased there standard variable to 2% over the bank of england base rate. Is this now the start of things to come? Are the banks/building societies going [...]

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Bank slashes rates to 2%

Posted in Banking, tagged , , on December 5, 2008 | Leave a Comment »

The Bank of England has just announced a dramatic follow-up to its rate cut in November, by announcing a further 1% off its base rate. With interest rates at 2%, the lowest level since 1951, we must now see lenders pass on these reductions to its customers. Halifax were amongst the first to reassure its [...]

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Bank of England discussed 2% rate cut

Posted in Banking, tagged , , , , on November 20, 2008 | Leave a Comment »

A cut in interest rates in time for Christmas became a virtual certainty yesterday. The current 3% rate is set to fall to 2.5% or even two. This would be the cheapest cost of borrowing since 1951 and equal to the lowest ever rate since the Bank of England was formed 1694.

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Interest rates slashed: Bank of England cuts bank rate by 1.5%

Posted in Property News, tagged on November 6, 2008 | 2 Comments »

Interest rates today came down by a whopping 1.5% to 3.0% – the lowest level since 1955 – in a dramatic statement of intent by the Bank of England to stave off the UK’s imminent recession. The drastic move confirms that, while the Banks’ remit is notionally to control inflation, it is now charged with [...]

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House price fall is smallest in seven months

Posted in Property News, tagged , , , , on October 23, 2008 | 1 Comment »

The average property price is now £172,108, down from about £200,000 in September last year. This 13.4 per cent annual fall is the largest decline since Halifax’s series began in 1983. Prices in the three months to September were 12.4 per cent lower than in the same period last year, which is another record low. [...]

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