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Mortgage interest rates have been held at a record low for 25 months now- should you fix your rate or stick on a variable rate? Millions of homeowners will be [...] Mortgage lending is still running at very low levels according to the Council of Mortgage Lenders (CML). Recent surveys have shown that house prices have changed very little in [...] UK homeowners paid off more of their mortgage borrowings last year than they had done in any other single year official Bank of England figures show. They returned £7 billion in the final three months of the year, [...] Most of the UK property market faces “paralysis” this year says the estate agency website Rightmove. It says many sellers are refusing to drop their prices, with the price of newly-advertised properties in fact rising by 3% in January to [...] A long awaited banking agreement with the largest UK banks on lending, pay and bonuses has been announced entitled Merlin.Under Project Merlin, banks will lend about £190bn to businesses this year – including £76bn to small firms – curb bonuses and reveal some salary details of their top earners. The Bank of England will monitor whether [...] Two thirds of those asked in a UK survey found financial matters too confusing to make the best choices with their money. Some 80% of those asked were unsure which benefits and allowances they were entitled to. Others struggled [...] Total UK mortgage lending fell to its lowest level for nine years in 2010 official figures show. Lending was just over a third of level seen in 2007, revealing [...] The quiet mortgage market continued in November with the number of loans advanced to people buying a home unchanged, official mortgage lenders found. There were 44,000 loans provided for house purchases – the same as the previous month. This was down 15% on [...] Last week the Bank of England’s Monetary Policy Committee (MPC) voted to keep interest rates on hold with no increase in Quantitative Easing.But re-mortgager asks with rising unemployment and government cutbacks- should more be done to stimulate the economy? Quantitative Easing (QE) is the Bank’s policy of putting new money into the financial system to try [...] Mortgage holders are continuing to pay down their loans, according to the Bank of England’s latest quarterly figures. It is the 10th quarter in a row that homeowners have put more money into their home than they took out. Collectively, those with [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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