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Bank of England Archive
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Time for panic-buying?
It’s not just Francis Maude triggering a spate of panic buying – if you’ve been hanging round the Bank of England’s website you might feel the need to call your friendly mortgage adviser PDQ too. Once you’ve filled up the car of course. The Bank’s latest Credit Conditions Survey has just been released, and it [...] -
Lenders hike mortgage rates for 1.2 million borrowers
This month, and within days of the three-year anniversary of the Bank of England’s last change in interest rates (when they were cut to their current level of 0.5%), we’ve seen four mortgage lenders announce hikes in their Standard Variable Rate (SVR). The upshot of these changes will be a rise in monthly mortgage payments [...] -
What the papers say – 10th – 14th March 2012
Last week marked the third anniversary of the Bank of England dropping base rate to 0.50%, but the financial press this week has turned to news of Clydesdale and Yorkshire Banks joining the list of lenders increasing their Standard Variable Rates. Brokers suggested that while these announcements will not necessarily result in a wave of [...]
