Tag Archive | "banks"
Broker could be facing uncertain future
Mortgage broker firm John Charcol could be facing an uncertain future according to its auditors, as its liabilities by far outweigh its total assets. John Charcol has enjoyed success over the year, and even now continues to insist that there are no problems, or at least not ones that would hinder its operations. However, according [...]
Continue reading...Nationwide closes doors on new borrowers by raising rates
Wednesday, April 16, 2008
The Nationwide Building Society, which has recently topped consumer polls for everything from its credit cards to its customers service levels, has announced that it is looking to close the doors on new mortgage applicants by raising its mortgage interest rates, despite the fact that there have been two recent base rate cuts in the [...]
Continue reading...Banks Raise Mortgage Profit Margins
Friday, March 7, 2008
Banks have increased their profit margins on fixed-rate mortgages to their highest level of over ten years, as they try to rebuild their profits. This news comes at the same time as news of an increasing number of cancelled property deals and estate agents offering discounts on asking prices. Banks are taking an increasingly tough and stubborn [...]
Continue reading...Repossessions Set To Rise in 2008
Thursday, March 6, 2008
Despite the recent fall in the Bank of England’s base rate, home repossessions are expected to hit a 12-year high this year. The number of homes expected to be taken away from their owners is forecast to reach 45,000 in 2008. The forecast also came in spite of figures showing that the 21% rise in repossessions [...]
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Wednesday, April 23, 2008
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