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 [...]

UK Finance News
Entries Tagged as 'Property Market'
UK Finance: CEBR predict low interest rate ‘for years’
John Williams - Monday 12.10.09, 12:42pm
Tags: Europe · Finance News · Interest Rates · Personal Finance · Property Market · Savings · UK economy · UK interst rates
UK Finance: HSBC commit £500million to 90% mortgages
John Williams - Wednesday 30.09.09, 11:10am
UK bank HSBC has declared that the housing crash is over and promised to lend £500million to potential buyers applying for a 90% mortgage.
The announcement from HSBC came with accusations that other UK banks and building societies are not doing enough to open up mortgage finance. The HSBC said, “While other lenders were in retreat, [...]
Tags: Banking · Personal Finance · Property Market · UK economy · UK interst rates
UK Finance:HSBC slash cost of fixed rate mortgage deal
John Williams - Thursday 03.09.09, 11:24am
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 [...]
Tags: Banking · Interest Rates · Personal Finance · Property Market · UK economy · UK interst rates
UK Finance:Fixed rate mortgages now more expensive
John Williams - Thursday 13.08.09, 15:23pm
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 [...]
Tags: Banking · Finance News · Interest Rates · Personal Finance · Property Market · UK economy · UK interst rates
UK Finance:Lenders report increase in mortgages granted
John Williams - Tuesday 11.08.09, 12:24pm
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 [...]
Tags: Banking · Finance News · Interest Rates · Personal Finance · Property Market · UK economy · UK interst rates







