Loans

Former Bank of England official has warned central banks about a new issue if they continue their collection of fresh cash into the market at their current pace.

With taking care of tenant's right, CML is supporting the measures of protecting the unauthorised tenants.

Financial Service Authority suggested the banks to hold money for uncertain financial conditions. Instead of paying large cash to staff as bonus, it should use it to padding up their financial strength.

In order to provide growth path to economy, Bank of England is focusing on low rate finance to small and medium sized businesses.

With a view to neutralise risk element in the credit card business, RBS has decided that it will be allowing the credit cards for account holders.

Inflationary pressures seems to have eased down for UK people as Inflation has dropped down to 1.1 percent which incidentally is lowest in the last five years.

After observing a dry-run in the lending market, lenders can finally look forward to a reason to celebrate as greenshoots have been noticed in the lending industry for the month of August.

Nine member Monetary Policy Committee of the Bank of England unanimously decided to held on the interest rates at the record level 0.5% for the consecutive seventh month.

On Monday the pound slipped and its value fell, seeing the condition London's leading hedge fund managers shown his deep concern saying that stock markets are in a Government-fuelled bubble.

Reports form various sources reveal that new mortgage loans are steadily growing, but at the same time re mortgage remaining weak.