interest rates

  • The customer is always right

    There are countless cliches and adages regarding how businesses should treat their customers; “Look after your customers because if you don’t someone else will” and “A good relationship can take years to build but seconds to destroy” are a couple that spring to mind.

    In any competitive industry (which most are) despite our best endeavours we will lose customers from time to time. And that’s using our best endeavours. So what might happen to your business should you not use your best endeavours?
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  • 85% Loan-to-value, Buy-to-let is back!

    For anyone that has been involved in Buy-to-Let in the past or looking to get into it, this is big news.
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  • Time to consider a Fixed Rate?

    Yes, we know our blog mentioned the possibility of interest rate rises in a post earlier this month but we make no apology for mentioning it again.

    Many people will potentially not have considered the effect this could have on their household budget, coming at a time when many other inflationary factors have been thrown into the national blender. VAT has just gone up, wages are set to stay at current levels at best, food and fuel prices are increasing. The price of a litre of unleaded has gone up by 1p in the last 7 days. Government cuts are going to impact and redundancies are on the cards.
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  • Interest rates to rise?

    Many lenders withdrew and re-priced some of their fixed rate products recently, perhaps in anticipation of a sooner-rather-than-later rise in interest rates.

    The Bank of England base rate has been held at the historic low of 0.5% for the 22nd consecutive month which continues to provide welcome respite for borrowers whilst the economy maintains its slow recovery from the deepest recession since World War II.

    However, it’s not just the voices of angry savers trying to force the collective arms of the Bank of Englands Monetary Policy Committee (MPC) but the consistently well-above-target (2%) rate of inflation, which latest figures put at 3.7%. This is before the effects of the recent hike in VAT to 20% make it through to the inflation figures in months ahead.
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