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Bank of England holds interest rate at 4.5%

As widely predicted the Bank of England today held the interest rate at 4.5%

This is the fourth month in a row that the rate has remained unchanged. Rates were last cut in August, when they were reduced from 4.75% to 4.5%.

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Dreaming of the perfect cascade

The lender community is continually looking for enhancements and upgrades for its intermediary websites to deliver better service. A trend among lenders, particularly in the sub-prime sector, is to provide an online cascade system for brokers.

CML criticises the Turner Report

The Council of Mortgage Lenders has criticised the Turner Report for not giving enough attention to equity release as a possible solution to the pension crisis.

Advisers must master reversions

Sovereign Reversion has released its half-year results, saying financial advisers must learn about home reversions.

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