Thrifty Loans

Changes to Abbey mortgages

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 [...]

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Lehman may withdraw from UK mortgage and lending market

According to a recent report Lehman Brothers, the lending specialists, could be considering withdrawing from the UK market, as the global credit crunch continues to wreak havoc across both the UK and the United States. In a recent report it was claimed that the lending giant was considering suspending lending at its UK subsidiaries, Preferred Mortgages [...]

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Thousands of jobs could be lost in finance industry

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 [...]

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Building societies fail to escape credit crunch problems

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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