Lenders

Small increase in the availability of credit in Q2

FTAdviser latest:Rise in available credit may lead to growth in higher LTVs

Story by: Catherine Couch, Financial Adviser

A modest expansion in the number of higher loan-to-value (LTV) mortgages is expected in coming months, according to the Council of Mortgage Lenders (CML).

  • Time published: 12:49
  • Date published: 02.07.2009
  • Published in: Mortgages

EU sees unfair Rock break-up

Northern Rock could be in breach of European Commission state aid rules if it goes ahead with its plans to split the bank into two parts, according to documents published last week.

  • Date published: 02.07.2009

Lenders play it safe by sticking to low LTVs

Credit rating agencies and the FSA's stress-tests are putting lenders off offering high loan-to-value mortgages, according to the Building Societies Association.

  • Date published: 02.07.2009

Northern Rock requires further £3bn to shore up finances

Northern Rock has revealed that it requires another £3bn to shore up the troubled bank's finances.

  • Date published: 01.07.2009

Sir Win Bischoff tipped to become chairman of Lloyds

Sir Win Bischoff, the former chairman of Citigroup, has been tipped to become the next chairman of Lloyds Banking Group.

  • Date published: 01.07.2009

Tesco emerges as potential bidder for Northern Rock

Tesco has emerged as a potential bidder for Northern Rock, after further details of how the troubled lender is to be split into two emerged late last week.

  • Date published: 01.07.2009

Higher LTVs will return slowly, IMLA tells Treasury committee

Higher loan-to-value (LTV) mortgages will come back slowly, according to the Intermediary Mortgage Lenders Association (IMLA).

  • Date published: 30.06.2009

Lloyds to cut another 2,100 staff

Lloyds Banking Group has announced that it is to cut a further 2,100 jobs over the next three years.

  • Date published: 30.06.2009

BoE's Tucker stresses need for info from banks in distress

Banks need to structure themselves so that an orderly resolution can be executed if required, according to the Bank of England (BoE).

  • Date published: 30.06.2009

Societies' mortgage lending stabilises, but at low levels

Gross mortgage lending by building societies stabilised in May, but at extremely low and depressed levels that were 57 per cent less than a year ago.

  • Date published: 29.06.2009

Features

The sooner we have a general election the better

Letter to the Editor

  • Time published: 00:01
  • Date published: 02.07.2009

Advertising

Features

Keep the faith

Those people that have been unfortunate enough to have spent the last few years in the UK, could be forgiven for thinking that Britain only has three seasons – winter, spring and autumn.

  • Time published: 00:01
  • Date published: 02.07.2009

Features

Useful, but at a cost no doubt

Lloyds TSB is trying to do away with all that annoying voice activated balance checking and allowing people to get their balance from their mobile phone.

  • Time published: 00:01
  • Date published: 02.07.2009

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