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Bank of England

uncategorised

Northern Rock takeover likely-papers September 17

An attempt to organise a takeover of Northern Rock was underway last night, according to The Times , as regulators, government and bank officials sought to rescue Britain's fifth largest mortgage lender before panic among its customers leaves it beyond...

clock 17 September 2007 •

Your profession

Base rate rises possible - Abbey

A further rise in UK interest rates is possible this year if the risks of inflation remain on the upside, according to Abbey International.

clock 17 September 2007 •

Mortgages

Lending quality not a problem - CML

Illiquidity in credit markets is the major issue facing lenders rather than lending quality, according to the Council of Mortgage Lenders (CML).

clock 14 September 2007 •

Mortgages

House price growth continues to slow

House prices in England and Wales are growing at their lowest rate since July 2006, according to the Land Registry.

clock 29 August 2007 •

Your profession

Mystery institution bailed out by BoE

The Bank of England has given a loan of £314m to an unidentified party via its standing lending facility it was announced today.

clock 21 August 2007 •

Mortgages

Average mortgage value falls in July

House prices have fallen in July in response to interest rate rises and the average mortgage being sought by first time buyers has reached its lowest level in 18 months, a report suggests.

clock 21 August 2007 •

Mortgages

MPC unanimous on rate freeze

Signs of a cooling housing market caused the Bank of England's Monetary Policy Committee to unanimously vote to keep interest rates at 5.75% in August, according to minutes released by the BoE today.

clock 15 August 2007 •

Mortgages

Scottish property market begins to slow

The latest Lloyds TSB Scotland House Price Monitor has found that house price growth is beginning to slow north of the border.

clock 15 August 2007 •

Your profession

Bank misled public over interest rates - Assetz

The Bank of England misled the public in a bid to justify five base rate jumps in under a year, property investment firm Assetz claims.

clock 14 August 2007 •

Your profession

Hint at rate hike to 6% sparks protest

Confirmation interest rates are likely to hit 6% before dropping has sparked angry protests across the industry.

clock 08 August 2007 •
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