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The important three-month sterling Libor rose from 0.65219 % to 0.65281%, announced on Monday, 19 April. It fell to a record low of 0.54% on 28 September, bobbed around that mark for a while and then began to edge higher. It has stabilised a little (...)
House prices increased by 1.1% in March, partly reversing the 1.6% fall recorded the previous month, according to the latest house price index from mortgage lender Halifax. This means that the value of the average home in England and Wales is now 5 (...)
Mortgage lending jumped to £11.5bn in March, a 24% rise from February the Council of Mortgage Lenders (CML) said. The figure was also 3% up on March last year, when the market had reached its nadir in the wake of the credit crunch. Despite this r (...)
House prices continue to rise, with sellers ignoring pre-election uncertainties and putting up asking prices in April by 2.6 per cent – or £5898 – compared with March, according to property website Rightmove. Prices are running 6 per cent higher (...)
The Bank of England left the UK economy to weave its own course back to normality today, leaving monetary policy unchanged. As expected, the bank rate was kept at 0.5% for the 13th month running and the monetary policy committee left unaltered the (...)