Thrifty Loans

Nationwide puts up its tracker rate

The Nationwide has followed other big mortgage lenders in increasing interest rates on new tracker mortgages by up to 0.2%. The country’s biggest building society is doing just the same as the Halifax, Abbey and Bank of Scotland have done recently. The impact of the global ‘credit crunch’ is slowly pushing up the cost of [...]

Continue reading...

Mortgages and house prices: more bad news to come

How will recent events affect mortgages in the UK? Talk and debate is just as normal: the base rate may come down; fixed rates may come down; variable rates are likely to go up. The next few weeks will bring a lot of those who had good rates on two-fixed deals back to the mortgage [...]

Continue reading...

Inflation down again in August

In amongst all the bad news from the credit crunch and Northern Rock’s difficulties, CPI annual inflation – the Government’s target measure – was down to 1.8 per cent in August, from 1.9 per cent in July. The biggest contributors driving down inflation came from reduced costs of financial services, as some lenders cut their [...]

Continue reading...

House prices down in August

Property website Rightmove has reported that asking prices for property fell by 2.6% in August. It appears that Home Information Packs (HIPs) have dented the top end of the market, and sellers are losing confidence in getting as much as they could before for their properties. The fall means that about £6,200 has come off [...]

Continue reading...