Mortgage lending from banks increased in the 12 months to September, according to new data from the British Bankers' Association BBA. Over the year, net mortgage lending rose 1.6 per cent while gross
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The Bank of England has acted as expected by freezing interest rates at 0.5 per cent for a further month. With the general election yielding a hung parliament, many commentators believed political uncertainty
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Savers have been hit by further increases to consumer prices index CPI and retail prices index inflation RPI, it has been reported. According to latest figures from the Office for National Statistics,
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House prices increased by 1.1 per cent in March, according to latest figures published by the Halifax. The high street bank reported that the average price of a home is now £168,521, 5.2 per cent
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Homeowners on tracker deals should remain on cheap mortgage deals for at least another month after the Bank of England chose to freeze interest rates once again. The Bank's Monetary Policy Committee held
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The UK witnessed a slight dip in the number of mortgages approved for home purchase during December 2009. According to the Bank of England, approvals stood at 59,023, down from 60,045 in November - but
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UK consumers repaid a record level of outstanding debt during October 2009, latest figures have indicated. According to the Bank of England, outstanding credit card, loan and overdraft debt fell by £579
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A home is being repossessed every 11 and a half minutes in the UK, it has been reported. Latest figures from Credit Action show that the recession is starting to affect more households, with an increase
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High levels of personal debt in the UK may be hindering the nation's ability to recover from the global economic downturn, it has been suggested. Commenting after gross domestic product figures for the
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