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80% of borrowers face payment shock if interest rates increase
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
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
The government is launching its free Moneymadeclear service today which provides free financial advice across the country.
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Affordability at its highest since 2003
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Budget to be held in two weeks
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Number of first-time buyers falling
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Healey pledges £83m to kick-start housing market
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Supply outpacing demand, says RICS
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Prime fast-track deals get green light from Fitch
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Metro Bank granted FSA banking licence
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Labour win will add £65 to mortgage
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Base rate held at 0.5%
Opinion
QE extended by £25bn but it is savers who bring relief to mortgage borrowers
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.
