Loans & Financing

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State lenders 'distort market' says Nationwide

Nationwide Building Society, the country's largest mutual, has accused the Government of distorting the savings market and damaging private sector lenders. Graham Beale, chief executive, said: "Government-owned institutions...

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Mortgages: a guide to the cheapest rates

Mortgage brokers have been badly hit by the credit crunch, with more than half of intermediaries going out of business in the past two years. There are now only 12,500 brokers offering independent mortgage advice in the UK,...

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House prices a safe haven for investors

Despite the downturn, it is an investment that has been as safe as houses, rising by an average of 111% over the decade, reports Rupert Jones Forget the stockmarket and high-interest savings accounts – the best place for your...

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Blackstone bids to take control of Gala Coral

Private equity giant Blackstone is gambling on an audacious eleventh hour intervention in the massive £2.5bn debt restructuring at beleaguered bookmaker-to-bingo group Gala Coral. Full house: Blackstone, the private-equity...

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First-time buyers left out in cold due to lack of deposits

Published Date: 21 November 2009 THE time may be right for first-time buyers to secure a foothold on the property ladder, but, while lending criteria are slowly easing, the chances of getting an affordable loan remain slim for...

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LA experiment has been a disasterbut Beckham could still finish a winner

There is something disconcerting about hearing an Englishman say: 'I love playing soccer.' When Beckham announced his decision to join America's Major League Soccer club Los Angeles Galaxy in January 2007, the football world...

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Small Florida bank shuttered, 124th this year

By Marcy Gordon And Daniel Wagner, AP Business Writers WASHINGTON — Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy...

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New Hampshire AG Seeks Bankruptcy for Mortgage Co.

NH AG seeks involuntary bankruptcy for mortgage company that closed suddenly this month CONCORD, N.H. November 20, 2009 (AP) The Associated Press Post a Comment The New Hampshire attorney general's office wants to force a...

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Newsweek: Students hit by high-interest loans

An Education in Student Loans College degrees are supposed to last a lifetime, but should tuition loan payments? As relatively cheap, private bank and federally backed loans became harder to come by, some colleges, vocational...

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Banks warned of €5m fine over conduct on mortgage arrears

By Fergus Black Saturday November 21 2009 BANKS and building societies were given a stark warning yesterday against breaching a mandatory code of conduct set up to deal with homeowners in mortgage arrears. In a stern rebuke to...

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