Calls for Northern Rock to stop repossessions

Tuesday, October 28th, 2008

Finanacial campaigners have recently called upon the Treasury to stop Northern Rock from repossessing property so readily. Charity group ‘Credit Action’ reported that the now nationalised lender was twice as likely to repossess homes than other lenders, and added that Northern Rock wasn’t being flexible enough in its approach to borrowers ...

Posted in Credit crunch, Debt, Personal Finance, Property Prices | 2 Comments »

Credit Crunch Hits UK Banks

Tuesday, August 5th, 2008

It’s been reported recently that the HSBC banking group has experienced a 28% drop in profits so far in this trading year, which, as one of the country’s top four banks, is an indicator that the credit crunch is biting hard. Their profit on the first half of the year ...

Posted in Credit crunch | No Comments »