Archive for December, 2009

EXCLUSIVE-3 new lenders launching in 2010

There are rumours emanating from very reliable sources that there are three new secured lenders launching in the first quarter of 2010.

Sub prime crash no.2 on the way?

A Swiss private bank is warning that a 2nd US sub prime crash is on the way due to Adjustable Rate Mortgages coming to an end.

Support for mortgage interest scheme extended

The Government confirm that they are extending the scheme by 6 months.

100,000 businesses face collapse

A top London Insolvency expert is warning that 100,000 business will go bankrupt in the next two years.

RBS restricts borrow back facility

Royal Bank of Scotland is restricting the amount borrowers can ‘borrow back’ on their flexible mortgage products.

MPPI sales double

Select & Protect has seen its Mortgage Payment Protection Insurance (MPPI) sales figures double since its new FirstAssist Insurance Services product, launched in July this year.

Skipton sells Callcredit

Callcredit, the Skipton credit checking subsidiary, has sold the business.

Consumers repay record levels of debt

In October there was a record amount of unsecured debt repaid to various lenders.

Buy to Let club goes bust

Sussex based Passive Investments has gone into liquidation.

Money Partners securitisations downgraded

Credit crunch fall out continues.

Think Money increases profits by 10%

December 2009
Salford based Think Money Holdings posts profits of £13.4m.

Zeus Group acquires Accuma

Charles Howson has announced plans to take Accuma Group PLC private