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Watchdog warns Rachel Reeves looser lending for first time buyers could mean home repossessions double
23 Jan 2025 16:25 GMT
… push to ease restrictions on mortgage lending could see the number … the mess banks found themselves in, with brands like Northern Rock and … of their disastrous lending.
Since then, banks have been told … of negative equity – the loan being worth more than the …
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Reeves urges regulators to ease mortgage rules for first time buyers
17 Jan 2025 11:46 GMT
… the difference.
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Mortgage rules for first time buyers … mess banks found themselves in, with brands like Northern Rock and … affordability criteria, typically only lending four to five times an … allow more banks to offer cheaper 90 percent loan-to-value …
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Mark Carney: From running the Banks of England and Canada to trying to succeed Justin Trudeau
07 Jan 2025 11:03 GMT
… the collapse of Northern Rock, HBOSand the Royal Bank of Scotland. … as “the outstanding central banker of his generation”, adding … and external experience the Bank needs”.
He said: … long experience of central banking, huge international credibility in …
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I’m 64 and still have a £250k mortgage - I’ll be working until I die
07 Jan 2025 07:57 GMT
… for retirement. They would be mortgage-free, live in their … 2008 they were transferred from lender Northern Rock, who went bust, to … and Susan become so-called “mortgage prisoners” – a group of … behind on their interest-only mortgage payments and then took …
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Can challenger bank make offsetting carbon emissions a growth industry?
26 Dec 2024 01:16 GMT
… carbon attributed to banks because of their loans to polluting borrowers … companies including Aviva, Lloyds Bank, Pets At Home, St … left of Northern Rock at the time of the banking crisis, he … remains common, especially among banks. Only last week Lloyds was …
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Natwest boss says bank could return to private ownership in first half of 2025
03 Dec 2024 12:18 GMT
… has indicated that the bank could return to … lenders during the financial crisis. Speaking at the Financial Times’ Global Banking … banks nationalised during the financial crisis have seen changes: Northern Rock … stake in Lloyds Banking Group was fully divested …
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At last, UK bank shares rise like the phoenix from the ashes!
28 Oct 2024 10:08 GMT
… outside the branches of Northern Rock in September 2008, … poor credit analysis, injudicious lending, and light regulation.
… banking sector, by injecting £137 billion of public money in loans … banking sector started to make decent margins for their lending …
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TSB Bank faces precedent lawsuit over Northern Rock mortgage rates
23 Jul 2024 11:11 GMT
… on Email
TSB Bank faces precedent lawsuit over Northern Rock mortgages rates
TSB … Bank is at the High … 350 mortgage customers over allegations it overcharged on its rates.
The bank …
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Northern Rock ‘mortgage prisoners’ sue TSB subsidiary that bought their loans
23 Jul 2024 05:12 GMT
… Northern Rock customers who claim they became “mortgage prisoners” after the lender … compensation from the bank that bought their loans.
About 2 … loans with Northern Rock and Bradford & Bingley until the banks … available through the main bank, and that it …
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Meet the Gen-Zers who’ve finally saved a house deposit – but can’t afford the mortgage payments
11 Oct 2024 05:44 GMT
… an achievable mortgage. “I had my first mortgage appointment earlier … influences the rates offered by lenders, hit 16 per cent … … The size of the loan has changed so dramatically,” Smith … 105 per cent mortgage” through Northern Rock (the bank that would later …