Bank of England reports new record high interest on credit cards
The effective interest rate on credit cards jumped by 34 basis points to a new record high of 20.76% in July, new data from the Bank of England shows.
Source: dailymail.co.uk
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Barclays cuts mortgage rates by 0.3% – Mortgage Strategy
Barclays has announced a reduction in certain mortgage rates across its residential, buy-to-let and Reward ranges starting from tomorrow (August 15th) - with notable decreases of 0.3% for product transfers Two-year fixed 85% LTV deals (with max loan of £2m) will be reducing from 6.96% to 6.66% - available for product
Source: mortgagestrategy.co.uk
Banks offer relief for homeowners as mortgage rates slashed
Predictions of ‘price war’ good news for first-time buyers and hard-pressed mortgage holders
Source: independent.co.uk
Halifax will slash fixed mortgage rates despite base rate increase
HSBC and TSB have also reduced selected fixed rate mortgage products in recent weeks.
Source: express.co.uk
Number of landlords falling behind with mortgage payments rises 41%
Experts warned landlords may either increase rents to help cover their monthly mortgage shortfall, or even sell their properties and quit buy-to-let altogether.
Source: dailymail.co.uk