A significant by-product of the credit crunch and subsequent recession in the UK is the number of properties repossessed by banks and financial institutions as a consequence of borrowers defaulting on their repayments. The Council of Mortgage Lenders has reported that the number of properties repossessed in the UK rose to ... more »
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Wednesday, May 27
Dominic Farrell Press Release: Repossessed Property Investment Is The New Buy-To-Let
by
Jet-to-Let Magazine
on Wed 27 May 2009 17:06 BST
Protection scheme hits Nationwide
by
Jet-to-Let Magazine
on Wed 27 May 2009 16:46 BST
Nationwide, the UK's biggest building society, said profits had been hit by its "unfair" level of contribution to a savings protection scheme. Pre-tax profits fell by 69% to £212m for the year to 4 April. It said the £241m it had to pay into the Financial Services Compensation Scheme - ... more » |
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