Archive | March, 2008
Interest rate cut more likely due to tight lending conditions
Industry experts have stated that a further interest rate cut in April has been made much more likely as a result of the tight lending conditions in place in the UK at present. The Treasury Select Committee recently asked the governor of the Bank of England, Mervyn King, whether an April cut was more likely because [...]
Continue reading...Fast action required from mortgage customers
31. March 2008
A number of industry professionals have warned that fast action is required from consumers that are thinking of taking out a new mortgage or remortgaging to a better deal, as many of the most competitive deals are coming off the shelves remarkably quickly, which means that access for consumers is limited and they only have [...]
Continue reading...FSA hunts traders that started rumours about HBOS
31. March 2008
According to a recent report the Financial Services Authority, the UK’s financial regulator, is set to weed out the unscrupulous traders accused of starting rumours in the stock markets about the parent company of one of the nation’s biggest mortgage lenders. The middle of last week, just before Good Friday, saw the stock markets thrown into [...]
Continue reading...Various factors make house price crash unlikely
27. March 2008
Alistair Darling, the Chancellor of the Exchequer, has stated that there are a number of factors that make the likelihood of a house price crash in the UK a slim one. He said that the UK was far less likely that the UN to suffer a house price crash due to factors such as low unemployment, [...]
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31. March 2008
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