Interest Rates held for 3rd year.....

UK interest rates have been held at 0.5% by the Bank of England, marking three years since rates were first cut to the record low. Many analysts expect rates to remain at that level for at least another year. The monetary policy committee (MPC) also decided to make no change to...


Stamp Duty change prompts mortgage pick up

The number of mortgage approvals for house purchases hit a two-year high in January ahead of the withdrawal of a stamp duty concession, banks have said. There were 38,092 approvals during the month, reflecting a move by some first-time buyers to enter the market before the tax is...