Mortgage Lending Declines Further

The Council of Mortgage Lenders (CML)  today announced the results of it’s latest survey into mortgage lending, According to there figures lending has declined further in January 2009. Despite successive interest rate cuts lending for first time buyers declined by 51% over this time last year, with lending for remortgages and home movers decliining by [...]

Interest Rates Cut But Will Banks Improve Lending

The Bank of England today lowered interest rates to a 300 year low today to just 0.5%, but will this get the banks lending again or is the market just too fragile to see improvement?
The interest rate cut was widely expected, although savers pleaded with the bank to think of them when making their monthly [...]