-
Subscribe
Subscribe or follow us on twitter to get latest updates Categories
Banks Archive
-
FSA Publishes Common Sense Mortgage Rules
The Mortgage Market Review (MMR) is a major piece of work that the regulator has been conducting over the last couple of years in a bid to lay down the rules for mortgage lending to follow in future. The new rules have been received favourably as the consultation begins to move into the final phase [...] -
A virgin chained to a rock
Richard Branson has a name for securing a very good price for himself and on the face of it, he’s got another good deal with Virgin Money’s acquisition of Northern Rock which was announced today. Virgin Money is paying under £750m and leaving the taxpayer on the hook for a possible loss of £650m since [...] -
Bank of England says economic woes may mean higher mortgage rates
After the release today of the Bank of England’s latest Monetary Policy Committee (MPC) minutes, you’ll probably see many scary headlines saying the Bank of England considered even more Quantative Easing (QE, aka printing money) than the £75 billion voted for. £100 billion in fact. Let’s balance that by pointing out that they also considered [...]
