Tag Archive | "business"
Larger deposits required on most Nationwide mortgages
Yet another major mortgage lender has increased the amount of deposit required from borrowers in light of the global credit crunch, which has resulted in far tighter credit conditions. The nation’s second largest mortgage lender, Nationwide, has announced that borrowers will now have to put down at least a 10% deposit on all but two of [...]
Continue reading...Thousands of jobs could be lost in finance industry
Monday, April 28, 2008
According to a recent report many thousands of jobs in the finance industry could be lost as a result of the problems caused by the global credit crunch. It has been estimates by the CBI that at least ten thousand jobs within the financial services industry within the UK could go over the next three [...]
Continue reading...Broker could be facing uncertain future
Wednesday, April 23, 2008
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...FSA states 1.4 million could face rising mortgage costs
Friday, April 18, 2008
Over recent months there has been much concern about homeowners that are currently on cheap fixed rate mortgages that are due to come to an end over the coming year. Many homeowners took out fixed rate loans when interest rates were much lower a couple of years ago, but since then interest rates have rocketed with [...]
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Monday, May 5, 2008
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