After Santander slashed its interest-only LTV and Lloyds Banking Group made changes to interest-only repayment vehicles, I am left wondering if the pendulum has swung too far the other way. These moves will affect brokers who rely on interest-only sales but I am unsure whether this is what the regulator envisaged when it urged caution […]
The Bank of England’s Monetary Policy Committee voted to keep interest rates on hold at 0.5% and to maintain the size of the asset purchase programme at its March meeting. The committee boosted the size of its asset purchase programme by £50bn in its February meeting, taking it to a total of £325bn. Vicky Redwood, […]
While the Bank of England base rate remains unchanged from 0.5% – the rate at which it has been for three years – the same cannot be said of SVRs.
Business secretary Vince Cable has called for Royal Bank of Scotland to be split up to form a British business bank. In a letter to Prime Minister David Cameron and deputy Prime Minister Nick Clegg that was leaked to the BBC last week, Cable says the government should recognise that RBS cannot succeed in its […]
At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.