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Published
05th Dec 2008
Halifax, Britain's biggest lender, has vowed to pass on only a 0.25 percentage point cut in interest rates to borrowers on its variable-rate deals
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Published
05th Dec 2008
The Bank of England is working on radical plans to inject cash directly into the economy as a last resort to reverse a slide into recession, a newspaper reported on Friday
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Published
04th Dec 2008
Homeowners who lose their jobs or suffer a severe drop in earnings are to be allowed to defer their mortgage interest payments for up to two years, Gordon Brown announced yesterday
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Published
04th Dec 2008
Lloyds TSB will pass on any cut in interest rates by the Bank of England this week to all existing customers with variable and tracker mortgages
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Published
03rd Dec 2008
Britain's banks will face potentially huge fines if they refuse to lend fairly to small businesses and individuals under legislation to be announced this afternoon
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Published
03rd Dec 2008
The Financial Services Authority said yesterday that more than half a million Halifax customers on tracker mortgages should benefit from further interest rate cuts even though the small print on their loans supposedly prevents them from doing so
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Published
03rd Dec 2008
Mortgage rationing is set to become more severe in 2009 without government action, according to a lenders' group