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Pink coffee break for cancer research

Pink Home Loans employees started September 28 with a cup of java in support of cancer research. The team at Pink joined the World’s Biggest Coffee Morning in its bid to raise money for Macmillan Cancer Support, and also held a raffle that raised £201.45.


Spicerhaart urges balance sheet lenders to offer sub-prime

Spicerhaart Financial Services is urging balance sheet lenders to expand their business into the sub-prime arena.A survey by the company shows a 41% drop in sub-prime products in September from 13.1% to just 7.7% of the market share. In the wake of the financial market turmoil, lending criteria were tightened, rates were increased and fewer […]

MPLC hikes fixed rates by up to 1%

Mortgages PLC is increasing its two and three year fixed rates by between 0.3% and 1%. The lender is also imposing a flat discount amount of 0.50% on two year discounts. Reversion rates are being increased by 1.00%.Maximum loan sizes will also be reduced to £300,000 for all 90% LTV mortgages (including prime buy-to-let) and […]

Victoria still in acquisition talks

Victoria Mortgages is still in acquisition talks with interested parties. KPMG, the lender’s administrator, originally set an October 2 deadline for offers to be made for the troubled lender. This was later extended to end of play October 3. It says Victoria is still in discussions and a decision is unlikely until tomorrow at the […]

Barclays gives up the ABN-Amro fight

Barclays has given up its takeover bid for ABN-Amro.The UK bank made a €67.5bn offer in August.A consortium made up of the Royal Bank of Scotland, Santander and Fortis, have offered a €71.1bn cash and shares bid, of which 93% was in cash.Marcus Agius, chairman of Barclay’s, says: “We remain committed to continuing our successful […]


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