UK Finance News

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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The Bank of England (BoE) has shocked financial experts by expanding it’s quantitative easing plan from the current level of £125bn to £175bn. The surprise decision was based on the Bank’s findings that the UK recession is deeper than at first thought and while there are signs that we are reaching the bottom of the [...]

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The quarterly credit conditions survey by the Bank of England (BoE)  suggests that government initiatives to boost spending have enjoyed some success, showing an increase in secured credit to households for the second quarter of 2009 – the first increase since the end of 2007.
The Bank of England say that they expect lenders to make [...]

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Data released from the Bank of England(BoE)  shows that the number of mortgage approvals for April grew for the third successive month, reaching 43,201, an increase on the March figure of 40,038 and better than analysts’ forecasts of 41,000.
However the figure is well down compared to April 2008 when approvals stood at over 55,000 in [...]

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A mixed bag of reports in the personal finance pages over the last couple of days show that while mortgage lenders are at last passing on rate cuts to many home buyers, those using fixed rate mortgages are actually seeing an increase in their repayments.
Although interest rate charges are still much higher than the Bank [...]

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