interest rate

Abbey has announced it will withdraw some mortgage rates from 10pm tonight and will not be replacing them.

The Bank of England's weekly cash auction has seen a huge upsurge in demand as the money markets become increasingly strained.

The UK is likely to suffer a recession over the next twelve months, but it will be mild in comparison to those of the past, according to Andrew Sentence, a member of the Monetary Policy Committee (MPC).

GE Money has hiked mortgage rates across its Igroup and First National brands after another mortgage business, part-owned by the firm, was put into administration.

The merger between Lloyds TSB and HBOS may prove detrimental to mortgage borrowers who have benefited in the past from differing ranges from the lenders, according to market analysts.

The proportion of mortgage borrowers opting for variable rates has risen by almost 50% in the past three months, according to Legal & General.

The Bank of England's Monetary Policy Committee (MPC) voted 8-1 to keep interest rates on hold in September.

Skipton Building Society will cut interest rates on its fixed rate mortgage range on Monday 8 September.

Accord Mortgages has launch a new range of products today, with reductions of up to 0.7%.

Standard Life Bank has cut rates on several of its Freestyle flexible mortgages, with new rates available from today.