July 9th, 2015
The Bank of England Base Rate has today been held at 0.5% again, following this month’s meeting of the Monetary Policy Committee.
At the same time as this month’s meeting, Chancellor George Osborne was deliverin... Read More
July 1st, 2015
Britain’s largest mortgage lender has today announced sweeping cuts to the interest rates payable on its mortgage products.
Halifax, part of the Lloyds Banking Group, have announced reductions of up to 0.5% across... Read More
June 30th, 2015
Talks over the UK’s ongoing membership of the European Union began last week, with David Cameron addressing EU leaders in a speech, outlining Britain’s requirements to remain a part of the union. Cameron’s opening 10... Read More
June 26th, 2015
A recent review of companies offering advice for debt management, by the FCA, has resulted in severe reprimands for the worst offenders. The FCA looked into how these companies dealt with their clients, focusing on the fir... Read More
June 22nd, 2015
Fears over short term increases in Base Rate by the Bank of England have intensified recently, as Greece nears an exit from the EU.
Greece has until the end of June to find €1.6bn (£1.1bn) to repay a loan from th... Read More
June 16th, 2015
When first released at the back end of 2013, the initial phase of the governments Help to Buy scheme for newly built property was met with a mix of praise and scepticism in equal measure. While many experts within the mort... Read More
June 11th, 2015
During his annual Mansion House speech to an assembly of top city bankers, the Chancellor George Osborne confirmed the government’s plan to sell the Royal Bank of Scotland. The bank was saved by the previous Labour gover... Read More
June 9th, 2015
Banking giant HSBC has this week announced that it will be cutting nearly 20% of its UK workforce, as part of a major overhaul.
HSBC, the biggest bank in Europe, is thought to be cutting around 25,000 jobs globally,... Read More
June 4th, 2015
The Bank of England’s Monetary Policy Committee has today held the Base Rate at 0.5%, for the second time since the general election.
Whilst few suspected an increase in rate this month, it has been on the cards f... Read More
June 3rd, 2015
Reports that mortgage lenders have continued to slash mortgage interest rates, have so far been met with the view that the level of mortgage approvals has not yet reached the level that lenders would expect to follow such ... Read More
