Credit Crunch
Whoops. We meant to say: Dividends Will Be Paid!
A follow up to our previous post, the Government has moved to ’clarify’ it’s position after yesterday’s fallout over the bail-out. Whereas on Monday, the Treasury announced Dividends would not be paid out to shareholders until Government funds were re-paid…. This is now no longer the case:
UK Government To Clarify Bank Dividend Plan-BBC Peston - CNN [...]
British Bank Bail Out at Tax Payers Expense?!
Unless you spent your weekend under a rock, you would have heard about our Government’s rescue plan to our banks.
As I sat down this afternoon to disect the issue, I first read through my bookmarks and came across this little doozy from the Money Hospital. They do a great job of breaking down the plan and [...]
Interest Rate Cuts - Everybody’s doin’ it…
If they all jumped off a bridge….
The Bank of England, along with 5 other Central banks dropped rates today in an unprecedented move aimed at stablising the faltering global economy. This decision in the UK was not expected until tomorrow, so the .5% drop came as a surprise. The Bank of England rate now sits [...]
Silver Lining - Abbey Lowering Rates?
Just when we thought all was lost…
Well, I’m being a little dramatic, but there was good news in the mortgage industry today when Abbey announced it will be reducing it’s rates and booking fees on it’s five year fixed rate mortgage package from tomorrow. Granted five years is a long time to be tied into [...]
Falling UK House Prices – Startling Facts
I know, what you’re thinking… more bad news. One thing we can always promise here at Best Quote Mortgages, we will never sugar coat anything. We may try to see the lighter side, but we will not lie to you. So, here’s the dirt on current UK house pricing trends:
Prices have fallen for 11 straight [...]