Thrifty Loans

Nationwide closes doors on new borrowers by raising rates

The Nationwide Building Society, which has recently topped consumer polls for everything from its credit cards to its customers service levels, has announced that it is looking to close the doors on new mortgage applicants by raising its mortgage interest rates, despite the fact that there have been two recent base rate cuts in the [...]

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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 [...]

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Various factors make house price crash unlikely

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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Situation could ease for homeowners on cheap fixed rate mortgages

Since the series of interest rate rises between August 2006 and July 2007, when five 0.25% rises took the base rate from 4.5% to 5.75%, there has been a great deal of concern about how homeowners on cheap fixed rates will cope. This is because many people that took out a fixed rate mortgage two or [...]

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