05/10/2006
Interest rate left unchanged
The Bank of England's Monetary Policy Committee has left interest rates unchanged at 4.75%.
Interest rates were raised in August, from 4.5%, for the first time in two years.
Many analysts have been expecting a further rise - possibly to 5% - in order to counter rising inflation.
According to figures from the Office of National Statistics, inflation rose to 2.5% in August, half a percentage point above the government's 2% target.
(KMcA)
Interest rates were raised in August, from 4.5%, for the first time in two years.
Many analysts have been expecting a further rise - possibly to 5% - in order to counter rising inflation.
According to figures from the Office of National Statistics, inflation rose to 2.5% in August, half a percentage point above the government's 2% target.
(KMcA)
Related UK National News Stories
Click here for the latest headlines.
16 January 2007
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
12 October 2009
Remortgaging Continues To Decline
The mortgage market is on two speed settings, as house purchase lending continues to recover but remortgaging continues to decline, according to the latest data released by the Council of Mortgage Lenders (CML). The number of house purchase loans in August (53,000) is down 5% from July but 29% higher than August a year ago.
Remortgaging Continues To Decline
The mortgage market is on two speed settings, as house purchase lending continues to recover but remortgaging continues to decline, according to the latest data released by the Council of Mortgage Lenders (CML). The number of house purchase loans in August (53,000) is down 5% from July but 29% higher than August a year ago.
05 April 2007
Interest rates kept on hold
The Bank of England has voted to keep interest rates at 5.25% for the second month in a row. The decision is good news for borrowers, as there had been fears that interest rates would be increased to 5.5% this month. If this had happened, homeowners with an average £100,000 mortgage would have faced a rise of £16 per month on their repayments.
Interest rates kept on hold
The Bank of England has voted to keep interest rates at 5.25% for the second month in a row. The decision is good news for borrowers, as there had been fears that interest rates would be increased to 5.5% this month. If this had happened, homeowners with an average £100,000 mortgage would have faced a rise of £16 per month on their repayments.
27 August 2009
House Prices Continue To Rise
House prices rose across the UK by 1.6% in August according to the Nationwide. At £160,224, the average price of a typical UK property is still slightly lower than a year ago, however the annual rate of change rose further in August, from -6.2% to -2.7%.
House Prices Continue To Rise
House prices rose across the UK by 1.6% in August according to the Nationwide. At £160,224, the average price of a typical UK property is still slightly lower than a year ago, however the annual rate of change rose further in August, from -6.2% to -2.7%.
09 November 2006
Interest rate rises to 5%
Mortgage repayments and loans will rise for millions of homeowners on the Bank of England's decision to raise interest rates. As was widely expected, interest rates rose by 0.25% to 5%, the highest rate in five years. The hike in the interest rate is an attempt by the Bank's Monetary Policy Committee to curb rising inflation rates.
Interest rate rises to 5%
Mortgage repayments and loans will rise for millions of homeowners on the Bank of England's decision to raise interest rates. As was widely expected, interest rates rose by 0.25% to 5%, the highest rate in five years. The hike in the interest rate is an attempt by the Bank's Monetary Policy Committee to curb rising inflation rates.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.