- Historic rate cut by Bank of England
The Bank of England has slashed interest rates to 3%, cutting 1.5 points off the base rate, in a surprise move that will benefit small businesses and home owners. It is the first time that rates have been cut by more than half a percentage point since the Bank gained its independence in 1997. The last time the rate was as low as 3% was in 1954.
(Filed: Fri Nov 07 2008)
- Private landlords face £50 licence
In a move aimed at improving standards for tenants in the private sector, a new scheme has been proposed which will force private landlords to buy a permit or licence.
(Filed: Mon Nov 03 2008)
- Rental market sees demand soar
Over the past year the demand for rented accommodation has soared by 50%, according to the UK lettings agent Your Move. Due to the turmoil in the financial markets and tightened lending conditions, more and more buyers are postponing their move on to the housing ladder and remaining in rented homes for longer than they have in the past.
(Filed: Fri Oct 24 2008)
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