Mortgage News Archive History

Mortgage News

Santander (the bank behind Abbey) and AandL agree £1.2bn takeover
The long running speculation over AandL's future ended this morning, with the London Stock Exchange announcing Santander had agreed to a takeover bid with Alliance and Leicester worth around Â£1.2bn. The long running ...

Tue 15th Jul, 2008
Bank of England keeps rates at 5%
The Bank of England has announced that base rate will remain on hold at 5.0%. The decision, which had been widely expected, has been criticised by some analysts who claim the bank needs to do more to stave off a recession. ...

Fri 11th Jul, 2008
Negative equity only a problem if prices halve
Research conducted by GE Money reveals that the average house bought in 2004 would need to fall by almost half before its value was exceeded by the amount secured on it. Research conducted by GE Money reveals that the average ...

Thu 3rd Jul, 2008
Taylor Wimpey search for funds as shares plummet
Britain's biggest housebuilder, Taylor Wimpey, kicked off a desperate hunt for fresh funding yesterday after it became clear existing investors will not bail it out. Britain's biggest housebuilder, Taylor Wimpey, ...

Tue 1st Jul, 2008