Bank of England cuts rates to 0.5%

The Bank of England has pushed rates ever closer to zero with the decision to cut the base rate to 0.5%.

AFB calls for FSA regulation of second charge lending

The Association of Finance Brokers has called on the Treasury and the Department for Business, Enterprise and Regulatory Reform to pass responsibility for regulation of second and subsequent charge residential lending to the Financial Services Authority.

King asks Darling to agree to £150bn asset purchase

Mervyn King, governor of the Bank of England, wants to buy £150bn in assets to boost inflation and restore lending.

AMI welcomes quantitative easing

Robert Sinclair, director of the Association of Mortgage Intermediaries says the Bank of England’s plan to inject up to £75bn into the money markets should go some way in helping the mortgage market.

BoE to begin £75bn asset purchase programme

The Bank of England is to start a £75bn asset purchase programme in a bid to the boost the UK money supply.

House prices drop a further 2.3%

House prices declined by 2.3% in February, more than offsetting January’s 2% increase, shows the latest Halifax House Price Index.

AIFA and AMI call for member action on FSA fee hikes

The Association of Independent Financial Advisers and the Association of Mortgage Intermediaries has issued a joint statement calling for members to respond to the Financial Services Authority fees proposals.

Abbey launches broker exclusive at 3.59%

Abbey for Intermediaries is launching a two-year fixed rate broker exclusive at 3.59% to its key mortgage partners.

Exclusive Connections takes over M2000’s mortgage club

Exclusive Connections has taken over Moneysupermarket.com’s Mortgage 2000 mortgage club.

S&P warns of weak profitability for Clydesdale Bank

Standard & Poor’s has revised its outlook on Clydesdale Bank from stable to negative against a risk of rapidly deteriorating profitability for the bank.

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