Banks and building societies risk triggering a mortgage credit crunch, with 90 per cent of the 10 per cent deposit home loans on offer before lockdown axed. Figures calculated for This is Money show that banks and building societies have already pulled more low deposit mortgage deals in the past four months than in the … Read more
Are banks triggering a mortgage credit crunch? This is Money’s podcast on the coronavirus-hit property market By This Is Money Published: 15:56 BST, 19 June 2020 | Updated: 16:01 BST, 19 June 2020 Banks and building societies have been slashing their mortgage ranges for those with smaller deposits. The number of mortgages available for those … Read more
First-time buyers forced to fall back on family as banks pull big home loans: You now need a 15% deposit to get a mortgage with the Nationwide The number of high loan-to-value mortgage deals on the market remains low First-time buyers currently see their choice of mortgage severely restricted Mortgages that link a loan to … Read more
EU warns it won’t accept a ‘pig in a poke’ trade deal as Boris Johnson and Ursula von der Leyen hold summit vowing to ‘focus’ and inject ‘momentum’ into talks amid bitter standoff over fishing and following Brussels rules Boris Johnson and Ursula von der Leyen have held summit on trade agreement UK threat to … Read more
Brexit trade talks on the brink: Boris Johnson holds crunch summit with EU chief Ursula von der Leyen as UK threatens to WALK AWAY unless Brussels drops demands on fishing and obeying its rules Boris Johnson and Ursula von der Leyen are holding summit on trade agreement UK threat to walk away unless progress made … Read more
New Look in crunch talks with lender amid growing concern over the high-street’s ability to recover once lockdown restrictions are lifted Group has been thrashing out terms on an £80m loan facility with its bank The company must renegotiate the terms of the trade credit facility by 30 June By Neil Craven for The Mail … Read more
Is this the beginning of a credit card squeeze? Number of 0% and balance transfer deals collapse in the wake of coronavirus There are now 55 purchase and 56 balance transfer deals available This is down from 61 and 66 last month – which were already record lows Banks are pulling credit card offers as … Read more
The Cabinet is hoping Boris Johnson will return to take crunch coronavirus lockdown decisions amid warnings GDP is set to crash by 30 per cent this quarter. Divisions have emerged in the PM’s top team over how soon the draconian curbs should be eased as they lay waste to the economy. Government sources say there … Read more
More than 25 major high street chains hold crunch talks with landlords to avert stores axe By Neil Craven for The Mail on Sunday Published: 23:07 GMT, 21 March 2020 | Updated: 23:07 GMT, 21 March 2020 More than 25 major high street chains are in crunch talks with landlords over a massive rent bill … Read more
Andrew Bailey’s first day as governor of the Bank of England saw a promise of ‘prompt action’ to deal with the financial fallout from the Covid-19 crisis. His pledge is a fresh signal that all is not well with the global monetary plumbing. The American central bank, the Federal Reserve, has intervened twice since last … Read more