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Societies' anger over B&B rescue - yorkshirepost
BUILDING society members will pick up the cost of bailing out Bradford & Bingley in lower savings rates and higher mortgage rates, societies have warned. Society chiefs say their institutions face a "disproportionate" burden following the £18bn ...

Has your mortgage rate been cut? | November 2008 - This is Money
• Nationwide is passing on the full cut of 1.5% to its base mortgage rate (equivalent to the standard variable rate ), making it 4.69% from 1st Decemeber. • Halifax is passing on the full cut of 1.5% to standard variable rate mortgages - from 6.5 ...

Q&A: What does the 1 per cent cut mean for you? - Times Online
The Bank of England has cut the base rate to its lowest level since 1951. The reduction to 2 per cent is the third successive drop in the base rate in as many months and some borrowers will be hundreds of pounds better off as a result. Only four ...

Northern Rock overs 6-month repossession reprieve - Shropshire Star
Northern Rock has pledged to stop repossession actions until a mortgage borrower is six months behind on their repayments. The move from the government-owned lender follows similar moves a similar declaration from the Royal Bank of Scotland last week ...

Government criticised over plan to help mortgage holders avoid ... - Daily Telegraph
The proposal, which was announced by Gordon Brown on Wednesday, is aimed at reducing the number of homes being repossessed. It will allow homeowners up to two years' breathing space if they become unemployed. The housing minister, Margaret Beckett ...

Council: Britain's Mortgage Market Will Grind To A Halt In 2009 - Free Internet Press
Britain's mortgage market will come to a standstill next year unless the government takes further action to help banks and building societies, the Council of Mortgage Lenders (CML) said Tuesday. Director general, Michael Coogan, raised the prospect ...

Mortgage market will 'grind to a halt' - Guardian Unlimited
The mortgage market will come to a standstill next year unless the government takes further action to help banks and building societies, the Council of Mortgage Lenders (CML) said today. Director general, Michael Coogan, raised the prospect of ...

Homeowners will be able to defer mortgage repayments under Gordon ... - Daily Telegraph
The Government will underwrite the £1 billion scheme which has been agreed with Britain's eight largest mortgage lenders including HBOS, Abbey and Nationwide. It comes amid growing concern over the rising number of repossessions. The Council of ...

BSA comments on bank rate cut - Politics.co.uk
Commenting on the announcement today by the Bank of England to cut the Bank Rate by 100 basis points to 2%, Adrian Coles, Director-General of the BSA said: “Homeowners will welcome the MPC’s decision to cut the Bank Rate by 100 basis points to 2 ...

Mortgage industry raises alarm over loans 'rationing' - Guardian Unlimited
Britain's mortgage market will come to a standstill next year, with more homeowners paying off their loans than taking out new ones, according to the City regulator and the mortgage industry body yesterday. Sir James Crosby, who is advising the ...