Mortgages News

This is Money29 September 2008, 10:56am Falling property prices, problems in the mortgage market and the summer stamp duty dither saw mortgage lending slump by 98% year-on-year in August. Slump: The Government's stamp duty announcement may have caused delays in house purchases during August WANT TO KNOW MORE? Mortgages: New on the market OTHER STORIES Shares plunge as B&B is nationalised Bank shares plunge again despite bailouts Market report: Monday latest Lloyds ...

Jonathan Prynn and Mira Bar-Hillel, Evening Standard29 September 2008, 2:25pm Lloyds TSB today became the latest major lender to raise its mortgage rates in response to global turmoil in the financial markets. Lloyds raises mortgage rates WANT TO KNOW MORE? Overview: the Lloyds TSB-HBOS superbank OTHER STORIES Shares plunge as B&B is nationalised Bank shares plunge again despite bailouts Market report: Monday latest Mortgage lending fell by 98% in August Power g ...

NEW YORK NEW YORK, Sept 29 (Reuters) - U.S. stock index futures fell on Monday as part of a global sell-off on fears that fallout from the U.S. mortgage crisis was spreading, threatening the stability of some European banks. News that Citigroup, the largest U.S. bank, will buy the banking operations of embattled Wachovia Corp added to jitters even though congressional leaders said they had ...

Simon Lambert, This is Money29 September 2008 The fall of Bradford & Bingley has come as another blow for Britain's buy-to-let investors. Stormy outlook: The collapse of Bradford & Bingley spells bad news for buy-to-let WANT TO KNOW MORE? Buy-to-let failure rate doubles House price crash: True or false? OTHER STORIES Buy-to-let failure rate doubles in a year Ten tips for buy-to-let Q&A: Landlord energy packs Skandia calls end to buy-to-let boom Buy ...

Martin Bentham, Home Affairs Editor, Evening Standard29 September 2008, 9:32am Millions of consumers were today facing the prospect of higher mortgage costs and lower savings rates as Britain suffered its third major financial collapse of the world banking crisis. WANT TO KNOW MORE? B&B: Impact on savers, mortgages, shareholders How to avoid mortgage arrears Latest buy-to-let news Latest house price news Latest savings rates Latest mortgage rates OTHER STORIES Shar ...

LONDON, Sept 29 (Reuters) - Banks made bids worth 1.3 times the 40 billion pounds ($72.10 billion) offered in a Bank of England auction of three-month money on Monday. The BoE said it received bids totalling about 52 billion pounds in the first of its weekly longer-term sterling auctions aimed at easing strained money market conditions. "It's gone modestly well. It's been taken down but it  ...

NEW YORK NEW YORK, Sept 29 (Reuters) - U.S. stock index futures slid on Monday, tracking a global equity sell-off, as two European banks and another U.S. bank became the latest victims of the credit turmoil and investors worried if a proposed U.S. rescue would stem the contagion. Moves by the Bank of England, the European Central Bank and Asian authorities to pump more cash into banks fail ...

LONDON, Sept 29 (Reuters) - Sterling was on course for its biggest one-day percentage loss against the dollar since mid-1993 on Monday, due to financial sector stress after UK lender Bradford & Bingley was nationalised. Deepening banking sector and money market woes against a backdrop of slowing growth also dimmed the pound's yield appeal as speculation grew that the Bank of England would nee ...

- (The following statement was released by the ratings agency) Sept 29 - Standard & Poor's Ratings Services said today that it has raised its short-term counterparty credit rating on U.K. mortgage lender Bradford & Bingley PLC (B&B) to 'A-1' from 'A-3'. The rating was also removed from CreditWatch, where it had been originally been placed with negative implications on Feb. 19, 2008.  ...

Sept 29 (Reuters) - (The following statement was released by the ratings agency) Sept 29 - Standard & Poor's Ratings Services said today that it has raised its short-term counterparty credit rating on U.K. mortgage lender Bradford & Bingley PLC (B&B) to 'A-1' from 'A-3'. The rating was also removed from CreditWatch, where it had been originally been placed with negative implications o ...