Items tagged with: base rate

Quick links to latest articles:

Over a million mortgage borrowers could benefit from rate cut

5 September 2021
More than one million UK mortgage borrowers are set to benefit from any drop in the Bank of England base rate, as long as lenders stick to their guarantees, This is Money reports. ... read more »

Base rate cut by end of 2021 could see loan rates fall further

7 August 2021
The Bank of England opted against cutting the base rate to an unprecedented 0.25% this month - but many experts believe it will still happen in the near future. ... read more »

The Bank of England and personal debt: what's the link?

7 June 2021
Today at noon, the Bank of England published its latest decision on the base rate - it decided to leave it unchanged yet again. Unless you're the kind of person who follows the financial news, you might not know what that actually means, but if you're in debt, have a mortgage and/or have money in the bank, a change in the base rate could make a real difference to your finances. ... read more »

Base rate cut: good news for mortgages?

1 June 2021
Last week, the International Monetary Fund (IMF) called for a further base rate cut to help the UK economy pull itself out of recession. The idea is that if borrowing becomes cheaper, consumers will be able to spend more and the economy will eventually return to growth. ... read more »

Bank rate: low for at least one more year

14 May 2021
The Bank of England's base rate is expected to stay low for another year at least, according to analysts IHS Global Insight. While it's good news for plenty of homeowners, savers won't be pleased. ... read more »

Bank rate 'might stay low until 2015'

9 March 2021
The Bank of England is keeping its bank rate (also known as the base rate) at 0.5%, marking the third anniversary of the lowest base rate in the Bank's 318-year history, reports read more »

Five-year fixed-rate mortgage rates getting lower

3 February 2021
If you're considering buying or moving home, and you're looking to stay put for the next five years, a five-year fixed-rate mortgage deal could be an ideal option. ... read more »

Sir Mervyn King: the recession 'would have been worse'

26 October 2011
The Governor of the Bank of England, Sir Mervyn King, addressed MPs yesterday to defend the Bank's policy decisions. ... read more »

Mortgages, savings & credit cards - a quarter-century look

24 October 2011
Today, inflation's over 5%. It's an unwelcome statistic, but it's nothing new - we've seen high inflation many times before. Some interesting figures from HSBC take us back over the last quarter of a century to see what life with high inflation was like in the past. ... read more »

Mortgage applications 'up 20% so far this year'

14 October 2011
The number of mortgage applications so far this year is 20.6% higher than over the same period in 2010, Mortgage Introducer reports. ... read more »

Low rates 'have reduced mortgage costs by thousands'

9 September 2011
Since 2009, low interest rates have reduced the overall amount some homeowners paid over their initial rate term by thousands of pounds, according to Defaqto.... read more »

The good & the bad of low interest rates

8 September 2011
The base rate is an important 'weapon' that the Bank of England uses to try and tame inflation and generally keep the economy as healthy as possible. It has a major impact on savers' profits and borrowers' costs. So what happens when it falls to an all-time low (just 0.5%) and stays there for years?... read more »

Base rate on hold: could loan rates benefit?

11 August 2011
Following the Bank of England's latest inflation report, it is widely believed that the UK base rate could be held at 0.5% until 2013 - potentially good news for borrowers.... read more »

Base rate stays at 0.5% - mortgage rates dropping

18 July 2011
Currently there are some of the 'best mortgage deals seen for months' as the Bank of England keeps the base rate low, as reported by read more »

Mortgage borrowers facing difficult decisions

8 July 2011
The Bank of England's decision to keep the base rate at 0.5% for yet another month will add to the "quandary" faced by many mortgage borrowers: to fix or not to fix?... read more »

Mortgages & rising rents

6 July 2011
The number of people renting private accommodation in England has increased by 55% in the last six years, as potential buyers delay getting onto the property ladder, the Guardian reports.... read more »

King: No need for rapid loan rate increase

29 June 2011
Homeowners with variable-rate home loans will, by and large, be relieved to hear that the Bank of England isn't considering any immediate change to the base rate.... read more »

Mortgage rates 'fall to lowest level in 23 years'

29 June 2011
Mortgage rates have fallen to their lowest level in at least 23 years, according to new figures from comparison website read more »

Central banks 'must raise rates'

27 June 2011
'Monetary policy' needs to be brought back to normal quickly, states an influential report that urges central banks to raise their interest rates - and urges governments to reduce their budget deficits.... read more »

Interest in remortgages likely to drop

23 June 2011
Homeowners are, on the whole, less likely to consider looking for a remortgage, as it seems an imminent rise in the base rate is also less likely.... read more »

Fees payable when continuing service is provided. Repaying debt over a longer period may increase the total amount to be repaid. Calls are recorded and are usually free from UK landlines. Mobile phone users may be charged and should check with their service provider. Cards are provided by third parties and are subject to eligibility, status and terms and conditions. Applicants must be UK residents aged 18 or over.