Story by: David Pawsey, Mortgage Adviser
Alliance & Leicester has denied some shareholders were unable to vote due to problems with its online polling system.
Only one deal was ever on the table for Alliance & Leicester, according to the lender's board.
External market pressures rather than internal factors led to Alliance & Leicester's board recommending Santander's takeover to its shareholders, according to the bank's bosses.
Despite government measures to kick-start the housing market urgent action is needed to address the problem of mortgage funding, according to the housing and mortgage industry.
Advertising
Pockets of consumers will still be left stranded despite the government's rescue package, according to Torquil Clark.
The government's £1bn housing package is designed to help first-time buyers, support vulnerable homeowners at risk of repossession and the house-building industry.
The collapse of the Black & White Group showed advisers, just like lending giant Northern Rock, can also fall from a great height as a result of the credit crunch.
The difference a year can make was clear from Northern Rock's lengthy set of annual results, which read like a guide on how to take a profitable business and turn it into a disaster. Just 12 months ago the now nationalised lender was on course to achieve asset growth of 12.4 per cent.
Appointed representatives that commit mortgage fraud must be reported to the FSA to ensure they cannot simply move onto another network, the regulator has said.
Search Mortgage Adviser archive
Future: Innovation is a great way to raise the profile of the market and can only attract more clients
Location: Nationwide
Salary: OTE – £25k (uncapped).
Location: Hampshire
Salary: £25000 - £30000 per annum
Location: Surrey
Salary: £28000 - £35000 per annum
When Labour came to power back in 1997, there were lots of individuals questioning the “New” tag and...