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Bank of England holds interest rates at 0.5%

The Bank of England monetary policy committee has decided to hold the base interest rate at 0.5 per cent.

The committee has also voted not to extend quantitative easing beyond the existing £375bn provision.

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First-time buyer numbers highest in three years

The number of first-time buyers in London and Scotland have risen to their highest levels in nearly three years, according to the Council of Mortgage Lenders. In its first quarterly report on lending in London, the CML said that around 10,000 first-time buyers took out a mortgage in London in the third quarter, the highest […]

Wyles leaves Nationwide in wake of restructure

Nationwide’s group distribution director Matthew Wyles is leaving the building society on 3 December following a restructure. The mutual is combining product development with distribution and the development of the brand to form a new directorate called group retail, led by group product and marketing director Chris Rhodes. Group intermediary sales managing director Ian Andrew […]

NatWest and Coventry are latest to pull out of interest-only loans

NatWest and Coventry were the latest lenders last week to join the growing ranks of lenders to pull out completely from interest-only lending. From today both firms revealed they would no longer offer interest-only residential mortgage lending and only offer it for buy-to-let loans. Existing borrowers with Coventry on interest-only will not be able to […]

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Accord cuts 90% LTV rates

Accord Mortgages is reducing rates on a number of its 90 per cent LTV fixed rate mortgages from tomorrow in addition to launching new £495 fee fixed rate products.

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  • Fat Mortgage Bloke 6th December 2012 at 12:47 pm

    Crikey…..But a certain company I worked for (for a very short time!!!) in 2010 no longer with us.They were convinced that B of E rates would go up any time soon and we had to tell customers so!!!