John Mack, chairman and chief executive of Morgan Stanley, predicts the crisis in US sub-prime and leveraged loans could be over in six months. He says the investment bank would consider buying portfolios of mortgage assets when potential returns become attractive.
The Mortgage Works has pulled its entire product line from 5pm today.
The UK’s biggest banks and societies have warned the government that smaller mortgage lenders could be forced out of the market entirely unless it intervenes.
Commercial First has entered into a redundancy consultation with 50% of its staff – around 93 employees – after it suspended new lending last month. The lender says it hopes to return to the market soon but will have to reduce staffing levels in the meantime.
Mortgages.co.uk has linked up with Key Retirement Solutions to help pensioners looking to take out equity release plans.Enquiries for lifetime or home reversion deals fielded by Mortgages. co.uk will be forwarded to KRS, which will contact applicants to offer advice.The consumer finance website has generated a large number of enquiries from consumers looking to explore […]
By Simon Halifax, senior marketing consultant For a few years now, mortgage advisers have probably been warning their clients that there’s only one direction that the interest rate is going and that’s up (well, I know mine has!). However, the financial landscape changed when the UK voted to leave the European Union last month and […]
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