Archive for January, 2008
Thursday, January 24th, 2008
With the US economy heading towards recession, it is likely that this year will see a cut in UK interest rates.
As a general rule, UK interest rates often follow closely US interest rates. There is not a perfect correlation but often the trade cycle of the US and UK converge.
This ...
Posted in interest rates | 1 Comment »
Thursday, January 24th, 2008
Halifax. Now a division of the Bank of Scotland, the Halifax is the biggest mortgage lender in the UK. Halifax website
Nationwide One of the UK's biggest lenders, currently offering a 5 year fixed rate mortgage at 5.63%. Nationwide
Northern Rock. Facing great uncertainty following their credit crunch, where they had to ...
Posted in mortgages | 2 Comments »
Tuesday, January 22nd, 2008
The loan to value is a way of assessing a mortgage lenders balance sheet.
The Northern Rock has the UK's largest ratio of mortgage to house value. On average it lends 59% of the value of a home. For subprime lending this rises to 68.3%.
Northern Rock 59%
Bradford & Bingely 54%
Royal Bank ...
Posted in mortgages | 1 Comment »
