Mark Carney looks to calm post EU referendum fears with hints of summer rate cut
Bank of England Governor Mark Carney has hinted that interest rates could be cut further from their historic low of 0.5% in the summer as a result of the vote to leave the European Union. The Monetary Policy Committee meet on 14th July and the decision to cut rates could be made then. The news […]
Value of loans for house purchase up £8 billion in Q3
The value of mortgages issued for house purchase grew to £43.5 billion according to statistics released by the Bank of England. The percentage of loans for house purchase also increased, up from 67.6% in Q2 to 70.1% in Q3, with a comparable 26.2% to 24.1% fall in the percentage of loans issued as remortgages. The […]
