UK Finance News

The Centre for Economics and Business Research (CEBR) has predicted years of low interest rates, tax rises and spending cuts for the UK in the latest economic forecast.
The CEBR believes that the record low interest rate will remain at its current level of just 0.5% until at least 2011 and do not foresee the rate [...]

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The Bank of England (BoE) have left interest rates unchanged at the record low of 0.5% for the six month running, with financial experts predicting that it will remain unchanged for the remainder of 2009.
The Bank will also continue with its current £175billion asset buying programme which was increased from £125billion last month.
Some strategists had [...]

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UK bank HSBC has made the surprise announcement that it has introduced a two year fixed rate mortgage that charges just 1.99%, representing the second lowest rate ever made available for purchasing a new home.
In 2006 Portman Building Society briefly offered a 1.95% deal, but was overloaded with small print clauses that tied customers to [...]

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Interest rates charged by Building Society’s and Banks on fixed rate mortgages rose by an average of half a percent between June and July this year, making the highest level this year.
The average rate on a five-year 75 percent loan-to-value mortgage taken out in July rose  to 5.7 percent, its highest level since October. Similarly [...]

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The latest report from the Council of Mortgage Lenders (CML) says that the number of mortgages granted to home buyers in June rose by 23% on the previous month of May and stand at just 6% lower than in June last year.
The CML say that there is currently some stability in the housing market although [...]

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