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Lenders follow Bank of England cut

Several lenders have announced they will cut their own interest rates in response to the Bank of England's decision to drop the base rate to three per cent.

Lenders given 'fairness' deadline

The City watchdog has threatened lenders with fines if they fail to give fair treatment to customers when dealing with arrears on home loans.

More lenders to mirror rate cuts

Two of the UK's larger mortgage lenders have joined the growing group of providers who are passing on interest rate cuts to customers.

Crisis to force out non-bank lenders

THE global credit crunch and liquidity crisis has entrenched the dominance of Australia's big four banks and left non-bank lenders and mortgage brokers battling just to stay afloat.

FDIC head: U.S. must persuade lenders to modify mortgages

(Reuters)—One of the United States’ top banking regulators said on Thursday the government must do more to guarantee mortgage loans in order to persuade lenders to modify their terms and help ward off a potential wave of foreclosures.

Bank of Mum & Dad still lending

Data from the Council of Mortgage Lenders show as lenders have lowered their loan-to-value ratios on mortgages – the amount that can be borrowed against the value of a home – parents have stepped in to fill the gap.

Repossession of homes up by 12%

The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year, the Council of Mortgage Lenders (CML) said.

Barclays pays a high price for independence

For bank investors, the new world of part nationalised high street lenders holds few attractions. The move may have stopped the financial system from collapsing, but investors can probably kiss goodbye to cash dividends for years to come at those lenders that have taken the state's cash - HBOS, Royal Bank of Scotland and Lloyds TSB. And the prospects of political interference in bank lending decisions could create an even worse bad debt headache for the future.

Lenders heed calls for rate cuts

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24 Nov 08 Lenders stay wary of home reports Barclays first to insist on separate survey

Barclays Bank has become the first lender to confirm that it will still require prospective mortgage borrowers to obtain their own house survey when home reports are introduced next week.

Indonesia central bank cleared to bail out lenders

Read from 4am Singapore time (2000 GMT) when you subscribe to the print or online editions of The Business Times.

Treasury, FDIC Still at Odds over Mega-Foreclosure Relief That Lenders Think Could Be a Better Deal

The Treasury Department and the Federal Deposit Insurance Corp. remain at loggerheads over a developing plan to have the federal government guarantee millions of mortgages to help stave off a growing tsunami of foreclosures. The crux of the debate involves a proposal advanced by FDIC Chairman Sheila Bair to take as much as $50 billion from the $700 billion federal bailout package and...

Credit Crunch Forcing Bankrupt Firms to Liquidate

Lenders Have Turned Off Spigot to Bankrupt Firms; General Motors and Delphia May Be Forced to Liquidate Without Financing; According to Chapter 11, Senior Secured May Get 70-80% Recovery, Debtors May Recover 50%

Key bank lending rate falls by 1% new

Lenders are under intense pressure to pass on the Bank of England's dramatic 1.5 per cent cut, but their funding costs have remained stubbornly high as banks fearful of losses refuse to lend to each other.

Banks Told: 'Stop The Dithering'

Two more lenders have said they will be passing on yesterday's interest rate cut in full, bringing the total to six.

Banks pass on lending cuts

More high street lenders have cut their lending rates after the 1.5 per cent interest rate cut from the Bank of England yesterday.

Banks pass on lending cuts

More high street lenders have cut their lending rates after the 1.5 per cent interest rate cut from the Bank of England yesterday. Skip related content

Abbey joins Lloyds TSB in passing on rate cut

A trio of top lenders passed on the Bank of England's 1.5 percentage point rate cut to their variable rate mortgage customers on Friday after the government urged them to keep lending to help stave off a recession.

Ineos seeks bank waiver as customers destock

Ineos is asking its key lenders to waive the covenants on its debt for the period up until next May in the face of high stock losses and a collapse in its markets leading to what the company calls, “extremely limited short term visibility.�

Bank Stuns City With Huge Rate Cut

Chancellor Alistair Darling has urged lenders to pass on the Bank of England's 1.5% interest rate cut to their customers in full.

Amlak, Tamweel to merge under UAE govt bank

Two of Dubai's biggest property lenders, Amlak and Tamweel, will be merged under a government-owned bank, the UAE ministry of finance said on Sunday, as the financial crisis bites Gulf Arab states.

Nationwide limits cheap mortgages

One of the UK's biggest mortgage lenders, the Nationwide, will stop all new mortgage borrowing on its standard variable rate (SVR).

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