Mortgages

Bank of Scotland to pull products from tomorrow

Bank of Scotland to pull 49 SVR products

Story by: Stefanie Ives, FinancialAdviser

Bank of Scotland will pull 49 standard variable rate (SVR) products with effect from tomorrow (Saturday 5 July) as it makes changes to its mainstream, large loan, self-cert and buy-to-let (BTL) ranges.

  • Time published: 12.50
  • Date published: 04.07.2008
  • Published in: Mortgages

Cheshire launches shared ownership product for FTBs

Cheshire Building Society has launched a shared ownership product which the lender said will help first time buyers struggling to get on the property ladder.

  • Date published: 04.07.2008

Abbey announces mortgage rate cuts

Abbey is reducing its rates on a number of fixed and tracker mortgage deals, effective from 4 July, 2008.

  • Date published: 04.07.2008

B&B cancels EGM as focus turns to enlarged rights issue

Beleaguered bank Bradford & Bingley has cancelled its proposed extraordinary general meeting (EGM) on Monday (7 July), after Texas Pacific Group (TPG) pulled out of buying a 23 per cent share in the company.

  • Date published: 04.07.2008

Bradford & Bingley increases cash call as TPG walks

Bradford & Bingley has increased its planned rights issue to £400m after it was announced that US private equity house Texas Pacific Group (TPG) has walked away from the deal.

  • Date published: 04.07.2008

Mortgage 2000 to close traditional packaging business

Mortgage sourcing company Mortgage 2000 is to pull back from its traditional packaging business from Monday (7 July) to focus solely on soft packaging.

  • Date published: 04.07.2008

IFAs raising awareness of lenders' direct deals

An overwhelming number of independent financial advisers (IFAs) believe they should mention direct deals to their clients, even if it means missing out on a sale.

  • Date published: 04.07.2008

Alliance & Leicester reorganises Board members

Alliance & Leicester (A&L) has reorganised the responsibilities of its board members and some senior managers.

  • Date published: 04.07.2008

Nationwide unveils broker sales force

Nationwide Building Society has launched its first ever broker sales force, as part of plans to ramp up its presence in the intermediary market over the next two years.

  • Date published: 03.07.2008

Half of lenders see mortgage default rates rising

Conditions in the UK mortgage market are set to decline further after lenders said they are to continue restricting secured credit to households over the next three months.

  • Date published: 03.07.2008

Rates hiked across RBS, NatWest and First Active brands

RBS Intermediary Partners has launched two fixed rate mortgages for first-time buyers and increased its rates across the Royal Bank of Scotland (RBS), NatWest and First Active brands.

  • Date published: 03.07.2008

Comment

Are the debt collectors coming?

Chatting around the barbecue at the weekend I discovered that two of my friends are in a right state as a result of the tightening economy. For them, rather than being something that is merely threatened by doom mongering headlines, the credit crunch is all too real.

  • Time published: 13.58
  • Date published: 01.07.2008
  • Published in: Mortgages

Advertising

Feature

"I do not see a seismic shift in the shape of our revenue lines."

Profile: Rob Clifford is chief executive of Mortgage Force Limited

  • Time published: 00.01
  • Date published: 02.07.2008
  • Published in: Mortgages

Comment

The shape of things to come

Forget sales of strawberries and cream, rights issues are the flavour of summer 2008. HBoS, RBS, Lehman Brothers and Bradford & Bingley have all put their best smiles on and gone out to ask shareholders to cough up more cash.

  • Time published: 00.01
  • Date published: 02.07.2008
  • Published in: Mortgages

Comment

"Are they going to tell M&S how much to charge for knickers?"

I just cannot figure out what to make of the Association of Mortgage Intermediaries at the moment.

  • Time published: 00.01
  • Date published: 02.07.2008
  • Published in: Mortgages

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