Archive for November, 2008

Abbey cuts rates on mortgage deals

by News Team on November 3rd, 2008

TweetShareAbbey has announced a reduction in rates across many of its fixed-rate deals. From today, the lender will cut the rates of its fixed-rate options at 60 and 75 per cent loan-to-value (LTV) by up to 0.35 per cent. The move could be of interest to consumers looking for a new mortgage in order to [...]

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Nationwide cuts fixed-rate interest on two-year offerings

by News Team on November 2nd, 2008

TweetShareNationwide has announced a cut in the interest rates on some of its fixed-rate deals. The move came into effect on November 1st and applies to the building society’s two-year fixed-rate offerings, bringing the rate for such a mortgage with a £599 fee down to 5.59 per cent. Those struggling to meet their mortgage repayments [...]

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Lib Dems call for help for mentally ill during recession

by News Team on November 2nd, 2008

TweetShareThe risk of debt and repossession brought on by the potential recession could cause an “epidemic of mental distress”, according to the Liberal Democrats. Party leader Nick Clegg noted at a conference at the University of Sheffield that the financial crisis may have an impact on people’s mental health and put forward a list of [...]

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RBS predicts interest rate reductions

by News Team on November 1st, 2008

TweetShareInterest rates could be cut by 50 basis points every month until February, the Royal Bank of Scotland (RBS) has predicted. RBS economist Ross Walker noted that although it is possible the Bank of England’s monetary policy committee (MPC) could introduce a 100 point cut to the current rate of 4.5 per cent next week, [...]

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