Yes it’s the first Thursday of the month once more and as usual the Bank of England’s Monetary Policy Committee (MPC) has held its meeting to discuss, amongst other things, the base rate of interest which will be applied to home owner loans and other personal loans.
And for the third month in a row, in [...]
Last month we saw the Bank of England cut interest rates for loans and mortgages by half a per cent, the first cut since April this year, and many borrowers were looking forward to seeing the monthly cost of their mortgage reduce in line with this cut.
However, around half of all lenders have not passed [...]
Newly proposed EU legislation is set to cheapen the cost of personal loans for borrowers within the UK.
Representatives of the European Union will later decide on a new proposal, which will allow members of union to offer reduced rate loans to consumers within other member countries. The initiative will essentially merge market information on the [...]
Cheap loans will become less available to consumers come 2008, as a result of changing economic conditions, suggests a new report.
A spokesperson for one of the UK’s largest credit action groups, has stated that due to the effects of the “so called” credit crunch, fewer lenders will be inclined to offer cheap rate loans in [...]
