Will the premature curtailment of the Funding for Lending Scheme put pressure on the Banks and Building Societies to push up mortgage rates?

The reason why The Funding for Lending Scheme was brought in 2012 was driven by the BOE and the governments desire to free up the backlog of lending to consumers that may have been holding back the property market, and lending generally to business, that was affecting growth in the UK. Continue reading

Property Prices Rising In The Outer Regions

Two years ago they were predicting that property prices in the regions were going to plummet as a result of government cutbacks and the property market would be in the doldrums. Central London property prices across the board have risen consistently by 3-5% over this time and now the outer regions are starting to enjoy some positive growth as they usually lag by 18 months from London’s example. Continue reading