Commercial News

• Rates 'could be lowered to 2.5%' - commercial mortgages

  A financial expert has estimated that interest rates could fall to 2.5 per cent in the coming months, a move that may be welcomed by people with commercial mortgages.
  

• Drop in inflation recorded - commercial mortgages

  Inflation has dropped to 4.5 per cent, the latest figures from the Office for National Statistics (ONS) have revealed.

• Falling prices 'will aid recovery' - commercial mortgages

  Falling commodity prices will help the economy to recover and could actually be good news for businesses, it has been claimed.

• Bankers meet with business leaders - commercial mortgages

  The British Bankers' Association (BBA) has met with the government's Small Business Forum to outline the support lenders will give to firms to help them through the economic downturn.

• Rate cut means "return to normality" - commercial mortgages

  The Bank of England's base rate cut will help the commercial mortgages sector to "return to normality", it has been suggested.

• Consumer confidence grows - commercial mortgages

  Consumer confidence increased in October, buoyed by various plans of action taken by the government and the Bank of England, a new report has suggested.

• Crossrail receives funding boost

  The British Airports Authority (BAA) has announced it is to provide £230 million of funding for Crossrail in exchange for four trains a day running to Heathrow.

• Bank 'may cut rates over coming months' - commercial mortgages

  The Bank of England could cut interest rates several times over the coming months, an economist has predicted.

• Bank of England figures a "step in the right direction" - commercial mortgages

  The latest figures from the Bank of England on mortgage approvals are a "step in the right direction", according to the Royal Institution of Chartered Surveyors (Rics).

• Bank bailout was "right thing to do" - commercial mortgages

  The government's bailout of UK banks was "definitely the right thing to do" as it has reduced the risk of a major slump, it has been claimed.