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James Cotton Archive
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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 [...] -
Credit agency offers seven tips to help you get your first mortgage
Times are still tough for first time buyers and getting a mortgage is often the hardest part of getting on the property ladder. There’s been some good news recently with big lenders like Woolwich and Nationwide relaunching 90% LTV (Loan To Value) mortgage deals for new customers, but a 10% deposit still requires a big [...] -
Bank of England says economic woes may mean higher mortgage rates
After the release today of the Bank of England’s latest Monetary Policy Committee (MPC) minutes, you’ll probably see many scary headlines saying the Bank of England considered even more Quantative Easing (QE, aka printing money) than the £75 billion voted for. £100 billion in fact. Let’s balance that by pointing out that they also considered [...]
