Tag Archives: monetary policy committee

British Banks Raise Rates

Here’s the view from London: Northern Rock, the Government-owned lender, has announced that it is pulling all its tracker deals for homeowners and landlords and is expected to increase rates when it relaunches the mortgages later this week. It follows … Continue reading

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Britain’s Brutal New Mortgage Market

From the Times of London: New mortgage approvals slumped to 58,000 in April, 49% down on a year earlier, and easily the lowest on record. It is important not to confuse the number of mortgage approvals with the level of … Continue reading

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Bank Of England Maintains Its 5% Interest Rate

Housebuyers looking for a mortgage may be interested to learn that the Bank of England is expected to maintain its interest rate at five per cent. Several sector commentators have claimed that there is little chance that the Monetary Policy … Continue reading

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Home Mortgage Costs In UK

From the Telegraph: In the latest sign of how the credit squeeze is pushing up borrowing costs for homebuyers, Bank of England figures show that, as of last month, the rate on an average fixed rate mortgage worth 95 per … Continue reading

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UK Mortgage Fees Way Up For First-Time Buyers

They’ve increased about 35% over the past year. There are fewer lenders for the mortgage market. Higher credit scores are required and bigger downpayments. Here’s the report: The average fee paid by a first-time buyer to secure a mortgage in … Continue reading

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