Tag Archive | "banks"
New mortgage code now in place
A new Banking Code has now come into play that will result in banks having to take more actions to help those that are struggling with their debts and finances, as well as requiring banks to take other types of action to help customers. The new Banking Code applies to building societies as well as banks, [...]
Continue reading...Availability is biggest hurdle for those looking for a mortgage
Thursday, May 8, 2008
According to a recent report the biggest problem that is facing those looking to take out a mortgage or remortgage is availability, with many lenders having slashed the range of deals that are on offer as a result of the global credit crunch, which has seriously affected their ability to take on new mortgage customers. Many [...]
Continue reading...Changes to Abbey mortgages
Tuesday, May 6, 2008
According to recent reports one of the latest high street lenders to make changes to its mortgage offerings if the Abbey, which has recently announced a number of changes. One of the moves made by the bank mirrors moves made by other banks – to reserve best buy mortgages for those with higher deposits to put [...]
Continue reading...Building societies fail to escape credit crunch problems
Friday, April 25, 2008
Since the global credit crunch took a hold in the UK last year, larger banks have been clamouring to raise interest rates, withdraw mortgage deals, and tighten lending criteria in a bid to try and minimise on the damage caused by the crunch, which includes difficulties for lenders in obtaining finance on the wholesale markets [...]
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Friday, May 9, 2008
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