Tag Archives: Bank of England Updates

Mortgage lending slumps to lowest level for a decade Latest Articles

Graph signifying house price decreasesMortgage lending has slumped to the lowest level for a decade as banks and building societies tighten their grip on the housing market.

Mortgages and remortgage advances added up to £136 billion in 2010 – the lowest total since 2000 and almost a fifth (18%) lower than 2009. Continue reading Mortgage lending slumps to lowest level for a decade


How changing interest rates affects inflation Latest Articles

Prices are rising and the Bank of England is under pressure to raise interest rates to support the economy – but how does changing the interest rate affect what a family has to pay for food, fuel and mortgages?

Inflation is the result of the amount of money spent in the economy increasing at a faster rate than a country makes money from goods and services. Continue reading How changing interest rates affects inflation


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