Chaos for the housing market as banks stop mortgage lending and Michael Gove tells home-buyers ‘don’t exchange contracts’ Michael Gove urged people to stay put and not move house during pandemic Lenders have also stopped mortgage lending, throwing housing market in chaos Moving companies are cancelling jobs during crisis, making moves impossible Coronavirus symptoms: what … Read more
Investment trust Pollen Street Secured Lending reveals US takeover approach and sacks fund manager By Daily Mail City & Finance Reporter Published: 23:36 GMT, 25 February 2020 | Updated: 00:31 GMT, 26 February 2020 US firm Waterfall Asset Management wants to buy Pollen Street Secured Lending for 900p per share in a £675m bid Investment … Read more
George Osborne warns that banks could grind the economy to a halt by slashing lending if Coronavirus causes firms to fail as he urges Chancellor Rishi Sunak to ‘vaccinate’ businesses in Wednesday’s Budget Ex-politician raised spectre of banks refusing to lend money if firms start failing Thousands of ill workers and consumers could be forced … Read more