Remortgaging in Britain is at a five-year low, according to new figures released by the Council of Mortgage Lenders (CML).
Tag: Interest Rates
MoneyExpert: Morgan Stanley: Credit Card Rewards ‘make Sense’
Some 29 per cent of those looking to compare credit cards have been found to value a loyalty or reward scheme as their main consideration when choosing.
MoneyExpert: Credit Card Fees Could Happen Soon, Says Analyst
Free banking could be a thing of the past as credit card providers look for other ways to make money, according to an analyst at financial website moneyfacts.co.uk.
Motley Fool: The Death Of Cheap Credit?
As you’ve probably heard by now, last Thursday the Bank of England hiked its base rate by 0.25% to 5% a year. Naturally, some lenders have already sprung into action by raising the interest rates which they charge borrowers.
This Is Money: Pay Rises May Force Up Rates
A blizzard of winter pay claims could be triggered by inflation figures this week, adding to pressure for another rise in interest rates
Scotsman: Anchor Your Mortgage Now
THE wicked fairy of higher mortgage bills will arrive next month to spoil the Christmas party, after Britain’s biggest mortgage companies announced they will be increasing interest rates from December 1.
MoneyExpert: Balls: Credit Unions Can Now Offer Larger Loans
Ed Balls, the economic secretary to the Treasury, has highlighted how credit unions are now able to offer larger loans over longer periods.
Motley Fool: A New Savings War!
If you’re a homeowner with a variable rate mortgage, you will no doubt be lamenting yesterday’s decision by the Bank of England to raise interest rates. The 0.25% rise means that UK interest rates are now set at 5%, the highest they have been for five years, and will certainly result in an increase in repayments for some borrowers and mortgage holders.
MoneyExpert: New Homeowners Urged To ‘check Mortgage Very Carefully’
Those looking for the best mortgage rate are being advised to consider what they can afford, following Thursday’s rise in interest rates.
Scotsman: Home Owners Face Heavier Bills In New Year As Bank Raises Rates
INTEREST rates are likely to rise again early in the new year, home owners were warned yesterday, after the Bank of England increased borrowing costs to the highest level for five years.