All Entries Tagged With: "Financial"
Abbey owner Santander in Alliance & Leicester takeover bid
Santander, the owners of Abbey has now made a takeover bid for Alliance & Leicester (A&L); the news of a possible takeover has lead to A&L shares increasing by more than 40 percent.
Bradford & Bingley & HBOS to secure rights issues
Bradford & Bingley along with HBOS are to secure support from shareholders for their urgent rights issues this week; this move will hopefully recapitalize the damaged financial sector in Britain.
It is expected that B&B who are specialists for buy-to-let mortgages will
Fixed rate mortgages of 6% plus here for foreseeable future
If you are a homeowner and was about to start up a new fixed rate deal, then do not expect to see any fixed-rate term mortgages under 6%. It seems that deals of 6% plus are now here for the foreseeable future, this has been warned by
Fixed-rate mortgages at a ten year high
Many people would have been burying their head in the sand when it comes to the state of the mortgage market, and many will be shocked to learn that fixed-rate mortgages are now at a ten year high. All the big lenders are now following each
Bank of America still committed to buy Countrywide Financial
Bank of America Corp Chief Executive Kenneth Lewis has said that they are still committed to buying Countrywide Financial Corp even though they are losing money on their mortgages. Lewis has said that the $3.1 billion purchase of Countrywide is an