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25/09/2008
Hundreds Of Jobs To Go At Top Mortgage Lender
Leading UK mortgage lender Bradford and Bingley has announced almost 400 job cuts, amid turmoil in the domestic mortgage market, and wider global economic pressures.
The closure of a mortgage processing centre and the streamlining of sales representatives, who deal with brokers, is set to result in 370 job losses.
Mortgage advisors in branches up and down the country are also set to go.
The lender said the moves were due to "the wider economic environment and the significantly reduced volume of new mortgage applications".
Meanwhile, Lloyd's of London's insurance sector has reported a 47% fall in profits during the first half of this year – blaming falling investment income and increased claims.
Pre-tax profits for the world's oldest insurance firm, leading to the end of June, tipped £949 million – a substantial dip from the previous year’s £1.81 billion.
Lloyd's said central assets reached £1.94b.
In a statement Chief Executive Richard Ward said: "The market remains in a good position to face the challenges ahead even though the external conditions in which we operate are about to test our structure and resolve."
(PR)
The closure of a mortgage processing centre and the streamlining of sales representatives, who deal with brokers, is set to result in 370 job losses.
Mortgage advisors in branches up and down the country are also set to go.
The lender said the moves were due to "the wider economic environment and the significantly reduced volume of new mortgage applications".
Meanwhile, Lloyd's of London's insurance sector has reported a 47% fall in profits during the first half of this year – blaming falling investment income and increased claims.
Pre-tax profits for the world's oldest insurance firm, leading to the end of June, tipped £949 million – a substantial dip from the previous year’s £1.81 billion.
Lloyd's said central assets reached £1.94b.
In a statement Chief Executive Richard Ward said: "The market remains in a good position to face the challenges ahead even though the external conditions in which we operate are about to test our structure and resolve."
(PR)
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05 August 2005
Housing market showing ‘modest improvement’
The housing market is showing a “modest improvement,” the Halifax has reported. House prices increased by 0.2% in July, following a similar rise in June, the Halifax reported. However, the annual rate of house price inflation has continued to fall, dropping to 2.3% in July – the lowest rate of growth since April 1996.
Housing market showing ‘modest improvement’
The housing market is showing a “modest improvement,” the Halifax has reported. House prices increased by 0.2% in July, following a similar rise in June, the Halifax reported. However, the annual rate of house price inflation has continued to fall, dropping to 2.3% in July – the lowest rate of growth since April 1996.
07 September 2005
Halifax reports house prices rise
House prices rose by 1.6% in August, the UK’s biggest mortgage lender, has reported. However, the Halifax warned that the rise could be temporary, boosted by the recent interest rates cuts by the Bank of England. The price rise in August followed a modest 0.4% increase in July and was the biggest monthly rise since September 2004.
Halifax reports house prices rise
House prices rose by 1.6% in August, the UK’s biggest mortgage lender, has reported. However, the Halifax warned that the rise could be temporary, boosted by the recent interest rates cuts by the Bank of England. The price rise in August followed a modest 0.4% increase in July and was the biggest monthly rise since September 2004.
19 April 2013
Compensation Possible For 30,000 Santander Customers
The UK's second largest mortgage provider, Santander, have said some 30,000 of its customers may be due compensation, due to errors made in 2008.
Compensation Possible For 30,000 Santander Customers
The UK's second largest mortgage provider, Santander, have said some 30,000 of its customers may be due compensation, due to errors made in 2008.
20 June 2011
Mortgage Lending Boosted
Gross mortgage lending totalled an estimated £11.3 billion in May, according to new data from the Council of Mortgage Lenders (CML). This represented a 12% increase from the £10.1 billion lent in April and was 1% higher than in May 2010. Gross mortgage lending includes lending for both house purchase and remortgage.
Mortgage Lending Boosted
Gross mortgage lending totalled an estimated £11.3 billion in May, according to new data from the Council of Mortgage Lenders (CML). This represented a 12% increase from the £10.1 billion lent in April and was 1% higher than in May 2010. Gross mortgage lending includes lending for both house purchase and remortgage.
10 March 2009
Nine Held Over Alleged £40m Mortgage Fraud
Nine people are being questioned by police in relation to an alleged £40 million mortgage fraud, according to police. Officers from City of London Police fraud squad are searching six homes and three business premises in southern England. Eight men and one woman were held following the raids on the residential addresses in Sussex and north London.
Nine Held Over Alleged £40m Mortgage Fraud
Nine people are being questioned by police in relation to an alleged £40 million mortgage fraud, according to police. Officers from City of London Police fraud squad are searching six homes and three business premises in southern England. Eight men and one woman were held following the raids on the residential addresses in Sussex and north London.
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