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Today's Mortgage Terms starting with R Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate. View all Terms

Brown mortgage rates news:

Halifax Defies Brown’s Demand to Pass on U.K. Interest Rate Cut - Bloomberg
Dec. 4 (Bloomberg) -- Halifax, the U.K.’s largest mortgage lender, defied Prime Minister Gordon Brown ’s demand to give consumers the full benefit of an interest-rate cut, saying its profit margins are under pressure. The unit of HBOS Plc said it ...

Recession worries dent consumer morale - International Herald Tribune
LONDON : Worries about an impending recession pushed consumer confidence to its lowest in at least four years in November, even though consumers were more inclined to spend, a survey showed on Wednesday. The Nationwide Building Society's consumer ...

Banks defy Gordon Brown by failing to pass on lowest interest rates in ... - Daily Telegraph
Halifax, the country's biggest mortgage lender, said it was passing on just a fraction of the Bank of England's one percentage point cut to its customers, despite having recently received £11.5 billion in taxpayers' money in a Government bail-out ...

Halifax Defies Brown’s Demand to Pass on U.K. Interest Rate Cut - Bloomberg
Dec. 4 (Bloomberg) -- Halifax, the U.K.’s largest mortgage lender, defied Prime Minister Gordon Brown ’s demand to give consumers the full benefit of an interest-rate cut, saying its profit margins are under pressure. The unit of HBOS Plc said it ...

Brown defends mortgage break scheme - Ananova
Prime Minister Gordon Brown said the Government's plan to give struggling homeowners a two-year mortgage payment holiday would make people "feel more secure in the downturn". He said his Government wanted to "do everything we can to reassure people ...

Banks pull most generous mortgage deals, despite pleas from Gordon ... - Daily Telegraph
Their move came within hours of the Bank of England cutting rates from 3 per cent to 2 per cent, taking interest rates to their lowest level since 1951 when Clement Attlee was in Downing Street. The drastic lowering of rates is proof of the ...

Bank cuts interest rates by 1% - Ananova
Interest rates stand at their lowest level since 1951 after the Bank of England took more drastic action to prop up the UK economy. In the wake of last month's shock 1.5% reduction, the Bank cut another 1% from its base rate. It warned that with ...

UK interest rates lowest since 1951 - Financial Times
Interest rates were slashed by another percentage point on Thursday, bringing the official cost of borrowing down to 2 per cent, equal to the lowest rate since the Bank of England was founded in 1694. The sudden and brutal deterioration in the ...

Latest National News - Melton Times
Shannon mother guilty of kidnapping The mother of Shannon Matthews has been condemned as "pure evil" and told she faces a substantial jail sentence after being found guilty of kidnapping her own daughter. Bank cuts interest rates by 1% Interest rates ...

BoE cuts rates to 2 pct, says more action needed - Forbes
LONDON, Dec 4 (Reuters) - The Bank of England slashed interest rates to their lowest level since 1951 on Thursday but indicated more needed to be done to prevent a credit squeeze tipping Britain's economy into a prolonged recession. The one ...