Northern rock
Taxpayers face a £2bn loss from shoring up Northern Rock but it should be seen as a the price paid to secure 'financial stability', the National Audit Office (NAO) has said.
More could have been done by the Labour government to help the building societies sector, admitted Alistair Darling MP, while speaking at the BSA annual conference in Manchester.
The major UK mortgage lenders who have left interest-only criteria unchanged so far confirm they have no plans to change criteria, after Nationwide and Coventry Building Societies both slashed their LTVs to 50% this week.
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The adult rate of the minimum wage is to rise by 11p to £6.19 an hour from October, Business Secretary Vince Cable has announced.
UK taxpayers will make a net profit of up to £11bn over the next ten to 15 years from the bailout and subsequent sale of Northern Rock, UKFI has today said.
If you haven't already registered for access all areas on the Mortgage Solutions website do so now to see our exclusive interview with Jayne-Anne Gadhia, chief executive of Virgin Money which goes live tomorrow at 8am.
The Treasury today published the Financial Services Bill, which when passed will enshrine the new financial regulatory structure in law.
Virgin Money has published a series of commitments to brokers, saying it will put the needs of intermediaries at the heart of its business.
New high street bank Virgin Money has announced its executive team after completing its buy out of Northern Rock on 1 January.
UK Asset Resolution, the closed mortgage administration company tasked with winding down Northern Rock (Asset Management) (NRAM)and Bradford and Bingley's mortgage books, confirmed the closure of its Newcastle office.
JC Flowers, the American private equity firm, has set aside a £1.5bn "war chest" to buy mortgage books from British banks after failing to purchase Northern Rock.
Technology solutions provider Mortgage Brain has announced it has agreed the terms to acquire point-of-sale and case management system provider, MortgageStream, for an undisclosed sum.
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