Recession turns to repossession for thousands of homeowners
Posted in News on Feb 20th, 2009
House prices may be on the decline, but the number of house repossessions is certainly on the rise with over 40,000 homeowners affected in 2008.
Tag Archive 'building society'
Bailed-out banks pay out billions in bonuses
Posted in Blog on Feb 8th, 2009
Over £4 billion of taxpayers’ money is set to be reinvested by the banks, but probably not in a way that you would expect or hope, especially considering the current financial climate.
Interest-ing new rates for borrowers
Posted in News on Feb 5th, 2009
Positive news for UK borrowers this morning as the Bank of England has cut interest rates to a record low 1%, as they look to boost the country’s economy.
Banks look to beat the base rate
Posted in News on Nov 10th, 2008
News Week: 10th November 2008
With the banks fearing that interest rates from the Bank of England could be set at 0% resulting in no profit, many high street banks such as Halifax, Britain’s largest mortgage lender, have introduced small print into its loans to allow them to charge up to 3% higher in interest, than [...]
Tax payer bails out burden building societies
Posted in News on Sep 29th, 2008
News Week: 29th September
This week the government has nationalised Bradford and Bingley’s mortgage lending which stands at £41 billion in debt. The building society’s other assets of the savings accounts have been bought by the Santander group.
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