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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, [...] The number of new mortgages lent to house buyers slumped by 29% in January compared to December, the Council of Mortgage Lenders (CML) said. The CML said the fall was larger than expected at the time of year and due to an “unusual [...] Banks are trying to maximise short-term profit at the expense of customers, the Bank of England governor has said. He said: “Why do banks in [...] Iceland’s parliament has voted to approve a new plan to repay the UK and the Netherlands the £3.1 billion they lost when the Icesave bank collapsed. The terms of the [...] Local communities in England which agree to host a windmill farm will receive payments from the government. With the average life of a windmill farm estimated at 20 years, this could add up to [...] Higher inflation and weaker employment prospects will lead to a fragile economic recovery, the Centre for Economics and Business Research (CEBR) suggests. The CEBR calculated that UK house prices rose by 6.4% in 2010 compared with 2009. However, regions [...] 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 [...] 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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