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 [...]

Continue reading...

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 [...]

Continue reading...

FSA hunts traders that started rumours about HBOS

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 [...]

Continue reading...

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 [...]

Continue reading...