Story by: Emma Ann Hughes, Mortgage Adviser
Virgin Money's bid for Northern Rock was rejected because it would have cost tax payers £2bn.
The winners and losers of the smoking ban have been widely publicised.
It has been little more than a year since we first heard the words credit crunch uttered and last week, the phrase was immortalised in the Oxford English Dictionary. But how does the picture look one year on?
The mortgage market scrum of the last few years has seemed more like a gentile game of lawn bowls in the last few weeks.
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What possessed them?
The challenge made to Lee Birkett’s reign of mortgage network Prestbury has been the exception rather than the rule.
The world may still be spinning but permanent For Sale signs outside homes and people bemoaning the price of bread shows summer 2008 is nothing like summer 2007.
Advisers involved in mortgage fraud will continue to be made an example of, the FSA warned as it struck more intermediaries off last week.
Virgin Money confirmed plans to become a "fully fledged bank" as the Treasury stated its bid for Northern Rock was rejected because it would have cost tax payers £2bn.
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Virgin Money’s bid for Northern Rock was rejected because it would have cost tax payers £2bn. ...