Banks are increasing the Interest Rates

So why are banks increasing their standard variable rates when the Bank of England’s Interest rate is on the 3 year record low of 0.3%? It does really beggar belief, don’t you think? The property market seemed to be getting just a little hopeful this new year and all of a sudden, it seems like... Read More »

Do we need the banks?

http://www.lloydsbankinggroup.com/media/pdfs/halifax/2011/060811first_time_buyers_highest_since_2003.pdf Halifax, the great big bank, has released a report stating that houses are more affordable now than they were in 2003.  Well, at least in some areas – London is definitely not included.  The report is informative and tries to make promises about getting first time buyers back on the market.  It is a... Read More »