The National Association of Estate Agents has revealed first-time buyers’ share of the mortgage market fell from 11.7% in February to 8.3% in March. It blames tighter lending criteria caused by the credit crunch.
Edeus today announced that it has stopped lending – resulting in the loss of some 50 jobs.
Bradford & Bingley has revealed write-downs of £38m in Q1 2008. The losses were recorded in the lender’s structured finance portfolio, which features collateralised debt obligations.
The Council of Mortgage Lenders is urging the European Commission to abandon its suggestions for the integration of EU mortgage markets.
Northern Rock is cutting its SVR by 0.10% to 7.49% for exisiting borrowers.
By Mark Martin, Manager of Neptune UK Mid Cap Fund
Rapid economic and income growth is leading to a dramatic shift in diet towards protein products right around the globe. UK companies such as Genus, the world’s largest livestock breeder, are benefiting from this increasing demand. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses this investment theme.
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