UK Mortgages rates and deals

Central banks including the Bank of England, the Fed and the ECB cut interest rates in a co-ordinated effort to ease the global financial crisis, but global markets fell sharply. Alistair Darling, chancellor, ordered a taxpayer-backed cash injection of tens of billions of pounds to rebuild the balance sheets of Britain’s high street banks

The Bank of England, the US Federal Reserve and the European Central Bank all cut interest rates in a co-ordinated move.

The world economy is entering the biggest financial crisis since the 1930s, the International Monetary Fund warns.

Alistair Darling, chancellor of the exchequer, ordered a taxpayer-backed cash injection to rebuild the balance sheets of Britain’s high street banks, in effect part-nationalising the sector at a cost of up to £50bn. But the scheme failed to halt the slide in the FTSE 100, which plunged to a five-year low

Gordon Brown, UK prime minister, on Tuesday ordered a taxpayer-backed cash injection to rebuild the balance sheets of Britain’s high street banks, in effect part-nationalising the sector at an estimated cost of between £35bn-£50bn. The decision came after Mr Brown’s meeting with Mervyn King (pictured), governor of the Bank of England; Lord Turner, chairman of the FSA, and chancellor Alistair Darling

London’s banking stocks hit their lowest level in a decade on Tuesday as hints about government intervention triggered an exodus from the sector

Mortgage options for low-deposit borrowers even lower