7 November 2008 Archive
Banks move on mortgage rates but only on SVRs - Friday, 07 Nov 2008
Banks have finally moved to cut their interest rates. |
Northern Rock, RBS, Nationwide & Halifax cut mortgage rates
Northern Rock, Nationwide, Royal Bank of Scotland and Halifax are to cut their standard variable rates (SVRs) by 1.5 per cent - following the Bank of England's cut yesterday. |
Home sale prices drop 6.2%
Average prices of completed property transactions fell 6.2 per cent in the last year. |
Brown complains as banks wait after interest rate cut
UK banks have only moved to drop tracker mortgages after yesterday's 1.5 per cent interest rate cut - with only two lenders cutting rates. |
Will the interest rate cut resurrect the housing market?
The Bank of England yesterday cut interest rates by 1.5 per cent to three per cent - but will this be enough to boost the housing market? |
HSBC passes on 1.5% cut to mortgage customers
HSBC is passing on the full 1.5 per cent Bank of England Base rate cut to many of its mortgage customers. |
Abbey cuts SVR mortgages by 1.5%
Abbey is to pass on the full 1.5 per cent Bank of England base rate cut to customers on its standard variable rate (SVR) mortgages. |
Lloyds TSB mortgage rates plunge by 1.5%
Lloyds TSB mortgage customers who pay the standard variable rate (SVR) are to benefit from a 1.5% cut in repayments. |
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