Friday, Jun 20, 2008
More to come
MoneyWeek: Bad debt to keep growing, says HBOS
Halifax owner HBOS warned that the alarming rise in borrowers falling behind with repayments shows no sign of slowing down. Britain's biggest lender said the value of mortgages in arrears have jumped by 17% since the start of 2008 to £5bn.
Posted by pendulum @ 01:56 PM (505 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. fancypants said...
bloody shorters, causing mortgage defaults again...
2. mark wadsworth said...
As I said before, that £5 bn figure is misleading. The relevant figure is the % of that £5bn that HBOS will have to write of as irrecoverable. If they only write off 10%, then big deal.
3. Distant_adz said...
Hornby insists the property downturn is 'nothing like the pain and shock we saw in previous cycles'
hahahahahaha
nothing like it - you are right - its lots worse! Bring it on.....