Mortgage lenders axe almost HALF of buy-to-let mortgage options amid ongoing coronavirus lockdown Mortgage lenders have slashed buy-to-let deals in the wake of the coronavirus More than 1,300 buy-to-let mortgage deals have been axed since March This accounts for nearly half of all available deals, with 1,593 now left Learn more about how to help … Read more
Lender’s court bid tips troubled private hospital group NMC Health towards collapse By Lucy White For The Daily Mail Published: 21:50 BST, 6 April 2020 | Updated: 22:21 BST, 6 April 2020 A major lender to troubled NMC Health has filed to have the company put into administration. Abu Dhabi Commercial Bank (ADCB), which is … Read more
Homeowners who bought with a small deposit and are now nearing the end of their fixed or tracker rate deal could find themselves forced onto a higher interest rate, pushing monthly payments up significantly. Most lenders say they will honour the Government promise to offer homeowners struggling financially due to coronavirus a mortgage payment holiday … Read more
British banking is at a tipping point. Twelve years on from the financial crisis, the Big Four lenders have survived but neither their share prices nor their reputations have recovered. And now, with Brexit, only one has a settled boss in place – and she has only just been appointed. The leadership of the other … Read more
Lenders can ‘take the strain’: Outgoing Bank Governor Mark Carney says coronavirus will not cause a financial crash as bad as the Great Recession By Daily Mail City & Finance Reporter Published: 21:51 GMT, 11 March 2020 | Updated: 21:51 GMT, 11 March 2020 Mark Carney has reassured the country that coronavirus will not cause … Read more
Banks are to offer 3-month mortgage holidays: Several High Street lenders are eyeing plan to set aside billions to help struggling homeowners hit by coronavirus Households hit by coronavirus outbreak could be eligible for mortgage ‘holidays’ NatWest, RBS, and Ulster Bank could offer up to three-month breaks in payments Those eligible could include small business … Read more
MPs call on lenders to halt all repossessions against mortgage prisoners until help arrives By Will Kirkman For Thisismoney.co.uk Published: 18:26 GMT, 9 March 2020 | Updated: 18:26 GMT, 9 March 2020 MPs have called on firms to cease all repossession proceedings against mortgage prisoners until a working group is established to help them. Members … Read more