Tag Archive | "news"
Scottish Endowment Pay-outs Fall
Despite adding regular bonuses to 239,000 policies this year, Scottish Widows’ endowment policies will pay out less than they did in 2007. A mortgage endowment policy for 25-years at £50 a month that matured in January typically paid out £38,136. In 2007 the pay-out was £38,758. Only 7% of customers can feel confident that their mortgage will [...]
Continue reading...Northern Rock Shrinks Its Mortgage Book
Monday, February 25, 2008
The mortgage book of Northern Rock is already being reduced ahead of its forthcoming nationalisation. It was predicted by Ray Boulger, of mortgage brokers John Charcol, that Rock’s mortgage book would be slashed by 50% in the next couple of years, and he said that rates have been put up already to discourage people taking out [...]
Continue reading...Time Runs Out For Northern Rock Bidders
Monday, February 4, 2008
It seems that the chances of a major bidding war for Northern Rock have disappeared as it seems that only two bidders will be putting forward plans for its takeover by the deadline on Monday 4 February. After taking advice from investment bankers Goldman Sachs, a fortnight ago Chancellor Alistair Darling offered taxpayer’s money for £26bn [...]
Continue reading...Nationwide Tracker Rates Go Up
Monday, January 28, 2008
Homeowners are being buffeted from pillar to post. One minute there is news of a reduction in some fixed deal interest rates; the next there is news of higher tracker rates. The latter became a reality as Britain’s biggest building society increased its mortgage rate, in response to the problems on the world’s stock markets over [...]
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Tuesday, March 4, 2008
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