Bank Of England

91-105 of 132 Articles
Clock icon 2 minutes

TSB has introduced new mortgages for first time buyers, making it easier for young people to get a mortgage - so long as they have a 15% deposit. On Friday, the lender revealed a range of mortgages for first-time buyers which use an easier stress test than for home-movers. A stress test is a calcula

Clock icon 2 minutes

One in ten people in the UK are hoarding more cash at home than before the coronavirus pandemic in case of an emergency, according to new data from the Bank of England.

Clock icon 3 minutes

The Bank of England (BoE) has asked UK banks if they are prepared for interest rates to fall to as low as 0.00001% or into negative territory as officials discuss whether to cut rates below zero to boost the economy. Sam Woods, head of the bank’s Prudential Regulation Authority, has written to

Clock icon 2 minutes

The UK Government's plans to substantially increase low-deposit mortgages for first-time buyers have come amid an acute rise in loan prices. According to data from the Bank of England, the average cost of a two-year fixed-rate mortgage with a 5% deposit was 3.95 %in September, an increase from 3.02%

Clock icon 3 minutes

The UK Government has extended the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200m. The move aims to ensure those large firms which do not qualify for the Bank of England’s COVID Corporate Financing Faci

Clock icon 2 minutes

The Bank of England’s chief economist has suggested that it is considering introducing negative interest rates to help alleviate the economic woes created by the coronavirus pandemic. Andy Haldane said that pushing interest rates to below zero, as well as buying riskier assets under the c

Clock icon 3 minutes

The Bank of England has warned that the coronavirus pandemic will force the UK economy towards its deepest recession on record. The bank has revealed that the economy was on course to shrink 14% this year, based on the lockdown being relaxed in June.

91-105 of 132 Articles