CML comments on mortgage market
May 8, 2007 | 1 Comment
The Council of Mortgage Lenders has commented on the current mortgage market. According to the CML the rise in inflation to 3.1 per cent took markets by surprise, causing them to re-evaluate the outlook for interest rates. Overall, inflation is still expected to fall. While it had been pushed up by food, furniture and furnishings prices, reductions in utility prices could drive a fall to 2 per cent within a few months.
Store cards with high interest rates must carry a warning
May 1, 2007 | Leave a Comment
Cardholders with cards charging high interest rates are to receive warnings on their monthly statements from now on.