£5000 drop in house prices for March

According to a recent report there was a drop of £5000 on the average house price in the UK in March. Last month saw house prices take the biggest monthly fall since the housing market crash in the 1990s, with a fall of 2.5%.
In September of 1993 house prices fell by 3% in the space [...]

Two year mortgage range withdrawn by Co-operative

Over recent months an increasing number of mortgage providers have been withdrawing various mortgage deals from the shelves, tightening up on lending criteria, and closing the doors to new customers.
This has resulted from the effects of the global credit crunch, which has made it very difficult for mortgage lenders to get the finance that they [...]

Two year fixed rate deal withdrawn by Alliance and Leicester

In the wake of the global credit crunch, which has seen many banks and building societies withdrawing a range of their mortgage deals and tightening up on lending criteria, the Alliance and Leicester has announced that it is withdrawing its two year fixed rate mortgage.
Officials from the building society have stated that the reason behind [...]

Troubled mortgage lender to be shrunk

According to recent reports the chief executive of what was once the fifth largest mortgage lender in the nation has decided to scale down operations to try and halve the size of the bank.
Northern Rock hit problems last year after it became widely known that it had taken an emergency loan from the Bank of [...]

Mortgage lender pledges to repay loan within next couple of years

The recently nationalised mortgage lender Northern Rock has promised that it will repay its state debt of £24 billion by 2010. This is despite the fact that it has been warned that it will not even start to break even for at least three years.
In 2007 the mortgage lender suffered pre-tax losses of £167.6 million [...]

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