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UK repossession figures show rapid increase

Official figures out today show in England and Wales that homeowners threatened by repossession rose by a quarter in the year to

Interest rate cut this year highly unlikely

It’s looking likely that there will be no more cuts in the interest rate this year, after the International Monetary Fund report was out showing the

Liverpool Victoria bank fined by the FSA

The Financial Service Authority (FSA) yesterday fined Liverpool Victoria bank £840,000 for adding protection insurance policies to customer mortgages without explaining to

Mortgage lending is expected to improve

More mortgage lenders should come back into the market by the end of the year according to Lloyds TSB, which is

Lloyds TSB profit slump of 70 percent

Today’s loss brings the group’s total credit crunch impact to £972m, this may seem an awful lot of money to most, but it’s a fraction of the write downs many of the banks rivals have had. The group said