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U.K. Mortgage Report sees a shortage of mortgage finance into 2010
A report commissioned by Alistair Darling, chancellor, from Sir James Crosby, former chairman of HBOS, the bank, said there was no silver bullet that would revive the wholesale mortgage market, reduce borrowing costs and take the pressure off the housing market.
U.K. Mortgage Approvals Decline to Lowest Level Since 1999
Banks and Building Societies granted 36,000 loans for house purchase, compared with 41,000 in May, the Bank of England said in London today. The result was the lowest since comparable data began nine years ago. House prices fell by the most in at least seven years in July, pushing the economy closer to a recession.
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A&L unveils RMBS deal worth £1bnMortgage StrategyThe deal is backed by prime UK mortgages originated by Santander-owned A&L with an average LTV thought to be in the region of 52%, in line with the average ... |
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Post Office mortgage offersFT AdviserContact: www.postoffice.co.uk/mortgages of telephone 0800 707 6204. Verdict: Ian Howell, IFA at Norfolk-based Capital Tower, said: "These offers are ...and more » |
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Revision and APS ambiguity at RBSFT Alphaville (blog)In return for the APS the bailed-out bank had to make some lending commitments — to be exact an additional £25bn of loans to UK mortgages and businesses to ... |
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