Tag Archives: times of london

The Next Refinance Problem

Corporate debt says the Times of London. There’s been a dramatic rise in bad debts. Banks are not eager to lend. Businessmen are scared about refinancing debt when it comes due. Most of the chief executives I meet these days … Continue reading

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Encouraging Banks To Lend Again

From the Times of London: The worst is yet to come for Hank Paulson, the US Treasury Secretary. While Mr Paulson has been working around the clock, every weekend, for five weeks to guarantee more than $1 trillion worth of … Continue reading

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The Compromise Bailout Bill

From the Financial Times of London: $700bn fund The core of the bill is a $700bn (€507bn, £395bn) fund that allows the US government to buy troubled, so-called “toxic” assets from financial institutions, to try to undo a logjam in … Continue reading

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Mortgage Fears UK-Style

From the Times of London: Northern Rock is planning to more than double the number of people working in its debt management business in a move that will spark fresh fears of widespread repossessions over the coming year. An internal … Continue reading

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Refinance & Mortgage Brokers

From the Times of London: Millions of homeowners who use mortgage brokers are being denied access to the best deals, after a decision by some of the UK‘s biggest lenders to offer their top rates only to customers who approach … Continue reading

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UK Mortgage Lending Crunch

From Reuters: "The credit crunch has resulted in a gap in the availability of mortgage credit relative to demand. Lenders have changed their product ranges, tightened lending criteria and reviewed their pricing in order to maintain their individual ability to … Continue reading

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Things Can Only Get Better For UK Borrowers

From the Times of London: Mortgage experts are hoping that First Direct’s re-entry into the market signals an easing in the mortgage market and better times ahead for borrowers. Now it charges 5.76 per cent, with a £499 booking fee … Continue reading

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UK Mortgage Rates To Rise

From the Times of London: Some of Britain‘s biggest lenders, including Abbey and Nationwide, trimmed rates last week. The inflation report sent rates in the wholesale markets soaring, suggesting rates on offer to homeowners would also head up, at least … Continue reading

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Refinance UK

From the Times of London: THE archetype of “property porn” is a Georgian townhouse, painstakingly maintained but also kitted out with every modern convenience, a blend of Gaggenau kitchen appliances and Farrow & Ball-painted original cornices. There are 840,000 empty … Continue reading

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The UK’s Mortgage Squeeze

From the Times of London: As Caroline Flint, the Housing Minister, strode along Downing Street this week, she put on show private Cabinet papers that predicted a property price fall of 5 to 10 per cent this year. Miscalculation or … Continue reading

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