Interest rates stay at 3.5% amid signs of recovery
Signs of a summer recovery in the economy prompted the Bank of England to hold borrowing costs at the 48-year low of 3.5% yesterday, despite worries that growth may fall ...
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Bradford & Bingley profits fall
Bradford & Bingley, the mortgage bank, today reported a drop in profits because of a slowing housing market and a slump in sales of investment products.
For the six mont...
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Interest rates unchanged as economy perks up
The Bank of England held interest rates at 3.5% today, amid evidence of an economic rebound.
Under the Bank's new governor, Mervyn King, its monetary policy committee (...
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Will I be liable to pay tax on the equity from my house?
Q I was married for 13 years and during that time I paid the mortgage on our house which was in both of our names. To cut a long story short, following the divorce from m...
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Halifax figures reveal property cost rise
A further indication that the housing market is regaining its strength was seen today when figures from the UK's biggest mortgage lender showed that the cost of property ...
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Remortgaging could save homeowners hundreds
Interest rates on mortgages have fallen by considerably more than the Bank of England's 0.5% base rate cut over the last year, meaning homeowners could save hundreds of p...
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HSBC plagued by bad debts
HSBC, which now has almost 100 million banking customers around the world, has been forced to set aside more than $2.3bn (£1.4bn) to cover bad debts, the bank reveal...
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Great British credit binge sets alarm bells ringing at Bank
Mad dogs and Englishmen go borrowing in the midday sun. Or perhaps they remortgage. Or probably both. This scorching British summer achieved the remarkable feat of revivi...
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We like no penalties
Products carrying no redemption penalties and offering an attractive rate are the friend of the mortgage borrower. No-penalty products offer complete flexibility to revie...
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Watch out for paltry rate cuts
Following the recent base rate cut, most lenders have finally got round to making a decision on how much (or how little) of the 0.25% cut they are going to pass on.
Som...
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