News
November 25, 2008
- Paragon lending down by three-quarters
» Read the complete articleBuy-to-let mortgage Paragon says it does not know when it will start large scale lending again given the current conditions in the UK housing market after its new lending fell by three-quarters last year.
November 21, 2008
- Home repossessions rise as credit crunch bites
» Read the full storyLenders took possession of 11,300 homes in the third quarter, up from 10,100 in the second despite government efforts to make home repossessions a last resort, the Council of Mortgage lenders said on Friday.
November 18, 2008
- B&B ex-chair says board "massively sorry"
» Read the full storyRod Kent, former chairman of nationalised bank Bradford & Bingley, said the B&B board was "massively sorry" for the bank's collapse in September.
November 8, 2008
- Darling Tells Banks: 'Pass On Cut'
» Read the complete articleChancellor Alistair Darling has told banking chiefs to pass on the interest rate cut to customers "as quickly as possible". (…)
November 7, 2008
- Banks Urged: 'Pass On Rate Cut'
» Read the full storyBanks are under growing pressure to pass on yesterday's massive 1.5% interest rate cut to their customers.
October 28, 2008
- Negative equity risk for 1.2 million homes
» Read the complete articleSome 1.2 million households could fall into negative equity if the housing slump continues, the Bank of England said on Tuesday.
October 23, 2008
- More Gloom For New Home Buyers
» Read the complete articleMortgage approvals are still running at less than half the level of this time last year, according to the British Bankers' Association.
October 14, 2008
- New low in first time house buyers
» Read the full storyThe number of first-time buyers getting onto the property ladder slumped to a record low during August.
October 10, 2008
- Buy-to-let owners 'hardest hit'
» Click here for the original articleOwners of buy-to-let properties are among the worst hit by falls in housing prices.
October 6, 2008
- Bradford & Bingley bail out angers shareholders
» Read the complete articleSmall Bradford & Bingley shareholders fear that like investors in Northern Rock they stand to lose everything after the government bailed out the bank with a mixture of nationalisation and asset disposals.
October 1, 2008
- A Case Of Vanishing Mortgage Products
» Read the complete articleThe number of mortgage products on sale has slumped 12.4 percent so far this week after lender Bradford & Bingley exited the market and as the property sector buckles under global market turmoil.
September 30, 2008
- Economy Flat in Second Quarter
» Click here for the original articleThe national current account deficit doubled and the economy stood still in the second quarter of 2008, even before a worsening in what is being described as the worst financial crisis in a generation.
September 29, 2008
- Bradford And Bingley Nationalised
» Read the full storyBradford & Bingley was nationalised on Monday, making the buy-to-let mortgage lender the second UK bank to be taken into public ownership this year as a deepening financial crisis claims victims around the world. (…)
- Huge Fall in Mortgage Lending
» Read the complete articleMortgage lending plunged by 95% in August compared with the month before, according to the Bank of England. (…)
September 28, 2008
- Goverment Set to Nationalise Second Bank
» Click here for the original articleThe government will nationalize troubled mortgage lender Bradford & Bingley and is discussing the sale of its savings book and branches, people familiar with the matter said.
September 27, 2008
- Decision on Bradford and Bingley Iminent
» Read the full storySky sources say a decision will be made on the fate of troubled lender Bradford & Bingley "this weekend". (…)
September 26, 2008
- Bradford and Bingley Battered Again
» Read the complete articleBradford and Bingley is in a bad way for the second day running, with investors still not reassured by Thursday's announcement of cost-cutting measures. (…)
