UK Finance News

The UK’s fifth biggest mortgage lender, The Woolwich has announced cuts on many of it’s mortgage packages and relaunched it’s lifetime tracker and five year fixed rate loans, to buyers with as little as 20% deposit.
Today’s  report in the Daily Mail sees the move as a sure sign that competition is returning to the mortgage [...]

[Read more →]

Governments and Central banks around the world are paying particular attention to the UK today as quantitative easing is introduced for the first time. The first £2bn, part of a projected £75bn, was first offered to non bank institutions such as pension funds, where there were no takers. However the central banks was able to [...]

[Read more →]

As if UK savers needed reminding the latest finance news from the Bank of England tells us that their combined efforts with the government to revitalise the economy, has left savers with the lowest interest rate on record.
While the emphasis has been on cutting interest rates to encourage high street banks to stimulate the economy, [...]

[Read more →]

As strongly predicted the Bank of England has cut the base interest rate by half to just 0.5%, but more interestingly the bank also announced plans to introduce a further £75billion into the economy in an attempt at quantitative easing. Despite already agreeing to help out banks with guarantees on ‘toxic assets’ banks are still [...]

[Read more →]

Economists are predicting a further interest rate cut to be announced this week by the Bank of England, creating an all time low rate of 0.5% and the sixth cut in as many months.
Despite the interest rate cuts made so far, there is little sign that banks are any more willing to lend than they [...]

[Read more →]