Story by: David Pawsey, Mortgage Adviser
Less than one in six people have adequate financial provisions if they were unable to work due to long-term illness or incapacity, according to a YouGov survey.
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.
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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.
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.
The future of exclusive intermediary mortgage deals looks grim with many mortgage lenders contacted by Mortgage Adviser revealing no immediate plans to bring such offerings back.
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