Archive for January, 2007
Housing Market cooling
Britain’s red-hot housing market slowed at its fastest pace in more than two years last month, in the first clear-cut signal that higher interest rates are at last cooling the market.
A survey from the Royal Institution of Chartered Surveyors, released this morning, will raise hopes that the Bank of England may [...]
Bank Rate Rises – Again
Consumer price inflation has recently risen to 2.7% per month, the highest level in more than a decade and as a consequence of this the Bank of England has increased the bank rate by 0.25% to the new rate of 5.25%
This had been expected by those in the know but the general view had been [...]
Mortgage Lenders’ Significant Failings
Lenders in Britain’s booming mortgage market are guilty of “significant failings” when advising borrowers, the Financial Services Authority has found, raising fears among consumer groups that a new misselling scandal could be about to rear its head. The regulator found two-thirds of the mortgage lenders it sampled did not have satisfactory [...]
