Finance News

Bank of England To Keep Interest Rates On Hold

So far the Bank of England hesitates to raise the interest rate, but for how long? More time scrutnizing the effects of the global credit crisis will determine whether rates rise, remain the same or fall anytime soon... Read More

Three Year Sentence For First Time Buyers

Recent reports of price stagnation say that house prices fell in September for the first time in 9 months. First time buyer seeking 100 percent mortgages beware... Read More

Lost Car Keys Could Cost Brits £98 Million

Lost car keys may seem like a common, harmless event causing no more than a headache. However, research suggests that lost car keys costs the UK consumer up to £98 million... Read More

Credit Crunch Hits Property Market - Softly

Despite the global credit crisis, the UK housing market has taken less of a blow than expected. Approved mortgages have decreased while loan amounts have increased.... Read More

Penalties May Sink Northern Rock

The future of Northern Rock looks to worsen as the Bank of England charges for emergency funding. What holds for current Northern Rock customers?... Read More

Mortgage Holders Facing Payment Shock?

Many lenders in the UK are already raising their interest rates as a result of the current credit climate. What affect will this have for current mortgage holders?... Read More

House Prices On The Decline?

September sees house prices drop as the annual rate of inflation dips slightly compare to 12 months ago. Property prices stabilising after 5 increases since last year.... Read More

Mortgage Lending Grows Toward End Of 2007

Despite the recent credit crunch the UK economy is still showing positive signs in the economy. Mortgage lending continues to increase in this apparent buyer's market... Read More

UK Credit Card Use Drops

The British Bankers' Association says credit card spending in August has decreased by £100 million. Are consumers becoming wary of having too many cards at their disposal?... Read More

UK Banks Slowing Property Investment

Banks in the UK as well as Europe are tightening lending criteria significantly as a response to the credit crisis. Short term equity increases expected to fall short... Read More