FROM OTHER NEWS SITES
DAILY TELEGRAPH Great Gatsby: a story for the modern age - Wed, 23 May 2012 09:01:38 GMT
Great Gatsby: a story for the modern age - Wed, 23 May 2012 09:09:50 GMT
FINANCIAL TIMES Morgan Stanley subpoenaed over IPO - Tue, 22 May 2012 18:10:04 GMT
Morgan Stanley subpoenaed over IPO - Tue, 22 May 2012 23:25:24 GMT
BBC NEWS BBC News - Business - Wed, 23 May 2012 09:23:06 GMT
BBC News - Business - Wed, 23 May 2012 09:33:05 GMT
Poll
Current Issues
New Issue
Special supplement
Special supplement
Jobs
Jobs of the Week
Independent Mortgage Adviser - Ealing / Chiswick
West London
Independent Mortgage Adviser - Ashford / Shepperton
Middlesex
Upcoming Events
NACFB: Maximise Your Membership Roadshow, Bristol
Abbey to participate in the new lending panel
Abbey says it welcomes the new Lending Panel and the opportunity to participate in exploring initiatives to help borrowers.
"We are also pleased that all industry participants in the Panel have confirmed they will not initiate repossession action for at least three months after a borrower goes into arrears. This is a practice that Abbey and Santander's other UK subsidiary, Alliance & Leicester, already has in place.
Abbey has refinancing options available for customers experiencing mortgage payment difficulties and a number of policies aimed at avoiding repossession action.
Abbey has a lower level of mortgage arrears than the Council of Mortgage Lenders' average due to a responsible approach to lending and the quality of its mortgage book. In the cases that do go into arrears, we have always seen repossession as a last resort."
- Brokers use Paymentshield toolkit to repair bottom line
- Paragon Mortgages still uncertain of timing of return to full scale lending
- Borrowers with small deposits pay up to £2,230 a year more
- Home Buyer Systems provides credit card facility for letting agencies
- BBA figures show lending to be subdued
- RICS says lending decline in October "little surprise"
- Positive Lending adds Blemain Bridging to panel
- Never has PPI advice been more important
- Nearly half of UK adults have no protection policies