Thrifty Loans

Big Rate Cuts Unlikely In The UK

Earlier this week the US Federal Reserve cut its interest rate by 0.75% to 3.5% - a once-in-a-generation event that reflects how seriously the American authorities view the recent turn of events in world stock markets. Normally, the Fed, like the Bank of England, prefers to ease interest rates down gently at a quarter point [...]

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Nationwide Tracker Rates Go Up

Homeowners are being buffeted from pillar to post. One minute there is news of a reduction in some fixed deal interest rates; the next there is news of higher tracker rates. The latter became a reality as Britain’s biggest building society increased its mortgage rate, in response to the problems on the world’s stock markets over [...]

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Reduce Your Contribution To The Debt Mountain

It looks like 2008 is going to be a bad year for consumer debt. With UK debt at £1.35 trillion and interest payments on that debt at £93bn a year, it is mind-boggling, but how you can reduce your particular contribution to that amount? With your mortgage, if you have some savings, it is well worthwhile [...]

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PM Holds Off On Northern Rock Decision

Prime Minister Gordon Brown has delayed a decision with regard to the future of Northern Rock to give the stricken bank one more chance to find a private buyer. Mr Brown told the City and MPs that they would have to wait for an announcement about Northern Rock’s future. It seems the Prime Minister is trying [...]

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