Interest Rates Cut To 2%
December 4th, 2008
The Bank of England has today decided to cut interest rates, taking them down to just 2%.
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Mortgage Deal Ending? Lender’s SVR Might Not Be Too Bad Afterall
November 18th, 2008
When you’re approaching the end of your mortgage deal (for example, a discounted or fixed rate of interest), the general advice is to find a new deal as soon as possible.
But given current interest rates, this might not be the best decision, as your lender’s Standard Variable Rate might …
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Interest Rate Cut Is A Double-Edged Sword
November 6th, 2008
Whenever there is a cut in interest rates, we often start talking about how homeowners will benefit with reduced mortgage repayments. Of course, things aren’t as cut and dried as that - there are winners and losers.
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Breaking News: Interest Rates Cut By 1.5%
November 6th, 2008
The Bank of England has cut interest rates by 1.5%, down to 3%, the lowest level since 1955.
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Interest Rates Cut To 4.5%
October 8th, 2008
7 central banks, including our very own Bank of England, have agreed to cut interest rates.
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Budget 2008: Are You Any Better Off?
March 13th, 2008
This year’s budget wasn’t the most exciting, but in the current financial climate, you could hardly expect it to be.
With businesses and consumers finding borrowing more and more difficult, as banks reduce their lending following the credit crunch, and as the cost of electricity, …
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Interest Rates: Now Highest For 6 Years
July 8th, 2007
You’re probably aware that interest rates have risen once again, up 0.25% to 5.75%. This is the highest rates have been since March 2001.
The graph below shows how rates have changed over the past 10 years:
I think one of the key things …
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Interest Rates Rise Again
May 10th, 2007
Interest rates have been put up again, rising a further 0.25% to 5.5%.
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Prepare For Another Interest Rate Rise
April 25th, 2007
As inflation is currently running above the government’s target, it’s more than likely that rates will go up again next month, probably by 0.25%, although there is an outside chance they will rise by 0.5%.
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How Are We Affected By Interest Rate Changes?
March 9th, 2007
Interest rates have been kept at 5.25% for this month, although there are still thoughts that rates will rise again in the next few months.
But how do interest rate changes affect the average person? I’ll explain in very simple terms:
When rates fall, there is less incentive for people to …
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