July 27, 2010
Lloyds confirms it will cease selling PPI
Story link: Lloyds confirms it will cease selling PPI
Banking giant Lloyds has confirmed it will no longer sell the controversial payment protection insurance (PPI). Lloyds Banking Group, which is 41% owned by the taxpayer, is the first bank to drop PPI sales and the decision will apply to customers of all its brands including the Halifax, Bank of Scotland and the Cheltenham & [...]
July 2, 2010
Lending criteria set to tighten further
Story link: Lending criteria set to tighten further
A report by the Bank of England has revealed fresh concern over mortgage lending. In its latest Credit Conditions Survey covering the three months to early June 2010, the Bank of England said the wholesale money markets that fund the lenders is tightening and therefore, mortgages are expected to be “less readily available”. http://www.homemove.co.uk/news/02-07-2010/lending-criteria-set-to-tighten-further.html
