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“We've created an absolute disaster,'': Is that like, "It's alive!"
Competitive mortgage lending
The most competitive mortgages came from HSBC during the third quarter of this year
Stocks plunge on recession fears
Global stocks plumbed multi-year lows as fears of a global recession mounted. London’s FTSE 100 dropped below 4,000,and there were sharp falls in Asia and across Europe. US stocks opened sharply lower with financials under heavy pressure
POLL-Housing market rout to last up to two years more
LONDON (Reuters) - Property prices will fall 15 percent this year, another 10 percent in 2009 and will take up to two years to stabilise despite the prospect of several more interest rate cuts, a Reuters poll showed on Friday.
Q&A Recession survival guide
If the UK is moving ‘towards’ recession and the economy is shrinking, what does this mean for consumers with savings, pensions, investments and mortgages?
Is inflation really so bad?
LONDON(Citywire) - It was different in the 1970s. Trousers were wide, houses were cheap, and inflation was soaring. Fashion aside, it was an era when inflation made people very rich – some of them anyway.
Charges for cash advances rise
Banks concerned by the rising default rate on credit card debt are penalising those customers who use their cards to obtain a cash advance.
Government acts to reduce home repossessions
LONDON (Reuters) - Mortgage lenders will have to prove they have tried to help struggling homeowners avoid losing their property, under new rules brought in by the government on Wednesday aimed at reducing repossessions.
Hedge funds in grip of vicious selling cycle
Hedge funds rush to sell holdings to return money to worried investors has triggered further price declines and prompted more withdrawals
Savers advised to fix on 7%
Banks with funding pressures will still compete for deposits but rates are on their way down
OFT urges ’sale and rent back’ protection
Regulation is needed to protect consumers who sell their homes
Foreign investors flee RP stock, money markets
Bailout to take big stakes in RBS and HBOS
LONDON (Reuters) - The government waded in with 37 billion pounds of taxpayers’ cash to bail out three major banks on Monday, in a move that could make it their main shareholder.
UK data show plunge in housing loans
The glum outlook for UK house prices was underscored by new data showing that both the number and value of loans for home purchases fell to their lowest level in years, with mortgages for August at their smallest number since 1992