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| Full Name: | Adam Rose |
|---|---|
| E-mail Address: | adam.rose@goremortgage.co.uk |
| Registration Date: | 2010-04-08 12:33:39 |
| Biography: | Hi, I'm Adam, the Website Analyst at GoRemortgage.co.uk. I've been building websites for a few years now and have a strong interest in the Area. While I haven't been at GoRemortgage for long, I have had an impact on their online campaign by improving areas of their website which had been neglected. |
01-Jul-2011 | Posted By: Adam | Comments: (0)
Borrowers can now benefit from the lowest mortgage rates in years, according to calculations from two well-known financial sites.
Research from Moneysupermarket.com suggests that increased competition between lenders has driven down the costs of both fixed-rate and tracker mortgages. This has left rates at their lowest level since the Bank of England cut its base rate to 0.5% in 2009.
01-Jul-2011 | Posted By: Adam | Comments: (0)
Divisions at the heart of the UK’s interest rate policy are becoming starker – posing a dilemma for mortgage borrowers.
The split has occurred between members of the Monetary Policy Committee (MPC), which sets the Bank of England’s influential base rate, known as “Bank rate”. On one side are those who say that a rise in rates is needed to tackle high inflation, currently running at 4.5%. They argue that the Bank’s “wait and see” approach risks undermining its credibility – with the result that the public will begin to anticipate higher prices. Higher wage demands could push up prices further, leading to an inflationary spiral.
29-Jun-2011 | Posted By: Adam | Comments: (0)
A combination of higher taxes, utilities bills and rising prices are eating away at household incomes, according to official figures.
Data from the Office for National Statistics show that families saw the biggest squeeze on their budgets for 30 years as real incomes fell 2.7% in the year to the end of March 2011.
29-Jun-2011 | Posted By: Adam | Comments: (0)
There are signs of increased activity in the housing market with a rise in the demand for property, a survey of estate agents suggests.
According to housing information specialist Hometrack, demand went up by 10.6% in June, as the market revived after a sluggish May. Hometrack’s director of research, Richard Donell, said part of the explanation was the willingness of sellers to drop their asking price to secure a buyer.
29-Jun-2011 | Posted By: Adam | Comments: (0)
A recent opinion poll suggests that more than a quarter (28%) of us believe interest rates have risen in the last 12 months, while a smaller proportion – 17% – think they have fallen.
The poll was conducted for the Bank of England, whose Monetary Policy Committee (MPC) has actually kept Bank rate (often called “base rate”) on hold at a record low of 0.5% since March 2009.
24-Jun-2011 | Posted By: Adam | Comments: (0)
Borrowers are keen to pay back their credit card debts, latest figures from the BBA (British Bankers’ Association) suggest.
Although consumers put £6.8 billion of new spending on their credit cards in May, more the £7 billion was paid back. Commenting on the figures, BBA statistics director David Dooks said, “Money is still tight and people continue to pay off debt rather than save or borrow.”
23-Jun-2011 | Posted By: Adam | Comments: (0)
Homeowners could benefit from a combination of low interest rates and stable house prices – despite a sluggish performance from the UK economy.
That’s the suggestion after latest signals on rates from the Bank of England, following upbeat news on the housing market from the respected Centre for Economics and Business Research (Cebr).
22-Jun-2011 | Posted By: Adam | Comments: (0)
Standard variable rate mortgages are coming under fire, after consumer watchdog Which? warned of a squeeze on borrowers from higher interest rates.
Standard variable rates (SVRs) are the headline rates which many borrowers shift onto when their original mortgage deal lapses. According to Which? thousands of those on their lender’s SVR could face financial difficulties when interest rates begin to rise.
22-Jun-2011 | Posted By: Adam | Comments: (0)
Mortgage lending received a welcome boost in May, according to latest figures.
The Council of Mortgage Lenders (CML), reports that gross lending totalled some £11.3 billion, 12% up from the £10.1 billion lent in April, and just ahead of the level for the same period last year.
20-Jun-2011 | Posted By: Adam | Comments: (0)
Bank of England governor Mervyn King has mounted a strong defence of its low interest rate policy.
In a speech to top City figures at the Mansion House, the newly knighted Sir Mervyn highlighted the role of the record-low Bank rate in keeping the economy afloat since the financial crisis. And he signalled that, with low wage-growth and restricted lending by the banks, inflation was likely to fall back – making damaging rises in rates unnecessary.
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