bank of england

bank of england

Unsecured consumer credit grows at fastest rate in more than 11 years

05 January, 20170 Comments
As the UK credit binge approaches levels unseen since the 2008 financial crash, this should set alarm bells ringing for residential landlords to get their affairs in order and safeguard their rental income as soon as possible. The latest figures from the Bank of England show unsecured consumer credit, which includes credit cards, car loans and second
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Mass Buy-to-Let Selling Could be Threat to Economy

30 March, 20160 Comments
The recent boom in the buy-to-let sector could pose a threat to the economy in the event of a large-scale sell-off of properties, a senior official at the Bank of England has warned. Sir Jon Cunliffe, deputy governor for financial stability at the central bank, pointed in particular to a surge in lending to buy-to-let
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Chief economist at Bank of England says that interest rates should stay low

21 October, 20140 Comments
Andrew Haldane, chief economist at the Bank of England, has said that interest rates should stay low to prevent long term stagnation. In a speech he said he was downbeat over the UK economy because of low wage growth, weaker global growth and both financial and political risks. He said:  “Put in rather plainer English,
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The Bank’s director says that property costs should be determined by market conditions

07 July, 20140 Comments
The Bank of England cannot curb rapidly rising house prices and will not attempt to do so, the institution’s new director of financial stability has said. Spencer Dale, who was appointed on June 1 after six years as the Bank’s chief economist, told the Mail on Sunday that house prices will be “determined by the
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Councils & Housing Associations are supposed to provide better HOMES not bigger LOANS

07 July, 20140 Comments
I have just been reading this http://www.landlordreferencing…..-recovery/ about the new restrictions on mortgages And then I read this in the Guardian Household debt serious threat to UK recovery, says Bank of England deputy Jon Cunliffe says debt is equal to 135% of household earnings but Bank’s measures to limit lending will insure against crash In
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A bottle of wine or a bad tenant? – What a choice to make!

25 February, 20140 Comments
Last week we heard that the Bank of England was not going to raise interest rates until Mid-2015 and one of the reasons for raising rates was because savers were suffering. I questioned whether those savers were big corporations who had vast swathes of cash or just pensioners that received more money in interest and
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Stress testing your buy to let portfolio

08 January, 20140 Comments
Every landlord, whether they own a couple of properties or a couple of hundred, is running a business. Like any business, it’s a numbers game – and the numbers can often be unpredictable. When Mark Carney took over from Mervyn King as the Governor of the Bank of England on 1 July 2013, the economy
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