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Bank of England Archive
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What’s new in the mortgage market?
The last few years have been a difficult time for the mortgage market and the industry and borrowers alike have become used to the fact that there have been fewer mortgage options available as a result. However there have been some positive moves in the market in 2012 and some mortgage lenders are even showing a [...] -
Housing equity withdrawal remains in negative territory
Bank of England data released today shows that home owners are continuing to favour paying down their mortgages rather than borrowing more against the value of their homes. Housing Equity Withdrawal (HEW) for quarter two of this year was again a negative figure of more than £9.1bn. This compared to -£8.9bn in Q1 – another [...] -
Troubles in Europe push mortgage rates higher
Once again this month the Bank of England Base Rate was held at 0.5%, but the ongoing chaos, panic and uncertainty surrounding the current debt crisis in Europe has been having a knock-on effect on the cost of mortgages. LIBOR, the London Inter-Bank Offered Rate at which banks lend money to each other, has been [...]
