Economy

News

80% of borrowers face payment shock if interest rates increase

15 Mar 2010 | By Natalie Martin

Moody’s has warned that 80% of UK mortgage holders could face a payment shock if interest rates increase in 2010.

Fall in purchases outweighs remortgage decline

12 Mar 2010 | By Natalie Holt

The fall in house purchase loans was more than three times the decline in remortgages in January, data from the Council of Mortgage Lenders shows.

Government launches free money advice service

11 Mar 2010 | By Natalie Holt

The government is launching its free Moneymadeclear service today which provides free financial advice across the country.

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Opinion

QE extended by £25bn but it is savers who bring relief to mortgage borrowers

5 Nov 2009 | By Ray Boulger

With today’s base rate decision a forgone conclusion, the only question we had to wait until midday to get the answer to was whether the Monetary Policy Committee would extend the quantitative easing programme and, if so, by how much.

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