Home & Money News
Posted on 7 February 2008
As widely anticipated, the Bank of England has lowered the Bank interest rate to 5.25%. The 0.25 percentage-point reduction comes after recent figures showed a marked slowdown in mortgage lending and static house prices. The...
Category: Mortgages, Personal finance, Property, Regulation
Posted on 6 February 2008
A committee of MPs is to examine the energy market in the UK, as criticism of recent price rises grows. The all-party Business, Enterprise and Regulatory Reform (BERR) committee will investigate possible anti-competitive...
Category: House and home, Regulation
Posted on 5 February 2008
House prices remained static in January, with the average UK property now costing £197,244, according to figures published today by Halifax. In its January House Price Index, the bank says that although prices remained unchanged,...
Category: Property, Regulation
Posted on 4 February 2008
The costs of buying a new home are not transparent and should be made clearer, the Council of Mortgage Lenders (CML) has said. In an article in its fortnightly newsletter, the CML argues that the increase in discounts and...
Posted on 4 February 2008
Pressure has been mounting on credit card firm Egg to justify its decision to cancel cards for 161,000 of its account holders. Some 7% of Egg's credit card customers received a letter last week saying that in 35 days' time they...
Category: Personal finance
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