Secured loan news, Oct - Dec 2008

0% interest rates 'not impossible'

28 November 2008

It would not be impossible to have 0% interest rates in the current economic climate, according to the head of research at Hargreaves Lansdown.

Loan insurance crackdown proposed

13 November 2008

The Competition Commission has called for a crackdown on the sale of payment protection insurance (PPI) alongside secured loans and other credit agreements.

'No guarantee' that consumers will benefit from rate cut

06 November 2008

There is no guarantee that mortgage borrowers and those with secured loans will benefit from the Bank of England's latest rate cut, it has been claimed.

MPC member calls for aggressive rate cuts

30 October 2008

A member of the Bank of England's monetary policy committee has called for aggressive cuts in interest rates to prevent the economy from entering a deep recession.

0% interest rates 'may be needed'

28 October 2008

Interest rates could fall as low as 0% as the Bank of England looks to stave off what is widely believed to be an inevitable recession, it has been claimed.

Lenders begin to pass on rate cuts

24 October 2008

More than two weeks after the Bank of England cut base rates by 0.5%, mortgage lenders are slowly beginning to pass on the reduction to their consumers.

Struggling borrowers 'should seek immediate help'

10 October 2008

Borrowers who are struggling to repay their secured loans should seek help and advice immediately, according to Citizens Advice.

Base rate cut 'welcome news'

09 October 2008

The Bank of England's surprise decision to cut the base rate by 0.5% a day earlier than scheduled is welcome news for struggling homeowners, it has been suggested.

Big rate cut 'could be on the cards'

08 October 2008

Following Australia's one percentage point cut in interest rates, pressure is mounting on the Bank of England to make a similarly dramatic move.

Base rate 'may drop to 3.5% next year'

03 October 2008

The Bank of England base rate may fall to 3.5% next year, according to the Chief European and UK Economist at Global Insight.

Demand for secured loans falls

02 October 2008

Consumer demand for secured loans fell in the third quarter of this year, according to research carried out by the Bank of England.



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