Articles Tagged With: Monetary Policy Committee

Chelsea Building Society has reduced its mortgage rates on its three-year fixed-rate mortgage, which is a market leading rate. The three-year fix is available at a rate of 3.49 per cent at 75 per cent

Single people are better than couples at taking advantage of the best savings rates on the market, according to the NS&I. The new data from the NS&I's saving survey revealed that single people

The Legal and General Mortgage Club has launched an exclusive two-year fixed-rate mortgage from Northern Rock. Offering a fixed-rate of 2.89 per cent for purchases and remortgages up to 70 per cent loan

The Bank of England's Monetary Policy Committee MPC voted to maintain the bank rate at 0.5 per cent yesterday September 9th. Ray Boulger, of leading independent mortgage adviser John Charcol, said

With economic uncertainty remaining in 2010 Leeds Building Society has declared that five-year fixed-rate mortgages may offer consumers many benefits. The inevitable austerity measures will lead many homeowners

HSBC has announced it will be extending the two week offer period for its low rate, low fee, lifetime tracker mortgage to allow more people to apply for it. The lifetime tracker mortgage, which is currently

Ten million mortgage customers could see their finances hit if interest rates move back up to 2008 levels, it has been claimed. Research by PricewaterhouseCoopers PwC found that if rates rise to the

Platform has announced the launch of a new seven-year fixed-rate mortgage deal. The Co-operative Bank's dedicated intermediary mortgage lender is offering the product with free valuation, and free standard

Interest rates have been held at their historic low of 0.5 per cent for the 15th month in a row. As widely predicted, the Bank of England chose to take no action on either its base rate or quantitative

Savers are unlikely to be boosted by an interest rate rise in June, one expert economist has claimed. Michael Baxter, editor of Investment and Business News, said he fully expects the Bank of England to

More consumers took out tracker mortgages than the fixed alternative during the first quarter of 2010, it has been reported. According to Paragon Mortgages' Financial Adviser Confidence Tracker, 51 per

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

The Bank of England is very unlikely to raise interest rates when the Monetary Policy Committee MPC meets on Monday, according to a leading economist. Figures from the Office for National Statistics

A change of government this spring could potentially impact upon the availability of cheap mortgages and attractive savings interest rates, it has been claimed. Ray Boulger of independent mortgage adviser

Consumers hoping to see savings interest rates increase this month may be disappointed by the latest decision taken by the Bank of England. At their monthly meeting, members of the Bank's Monetary Policy

Britannia and The Co-operative Bank are to jointly launch a new three-year tracker and a five-year capped rate mortgage. The banks, which are making the deals available from Friday March 19th, have described

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

At least three million UK borrowers do not know the rate of interest at which they are currently repaying their mortgage, it has been reported. Post Office Mortgages reports that 28 per cent are ignorant

The decision of the Bank of England to freeze its base rate is "good news" for mortgagees on tracker and standard variable rate deals, it has been suggested. Yesterday it was announced that interest

Savers have been reassured that the Bank of England is highly unlikely to follow the example of the Swedish Riksbank and reduce the rate of interest it pays on commercial reserves. According to Geoffrey