Monday, Jan 19, 2009
The future of UK banking?
Independent: Northern Rock to slow mortgage redemptions
Troubled mortgage lender Northern Rock unveiled a new strategy today which will see it slow the rate at which it shrinks its mortgage book.
It means the bank will start lending to more homeowners in a bid to help kick-start the economy.
Posted by quiet guy @ 01:07 PM (394 views) Add Comment
2 Comments
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1. techieman said...
Hardly a support, yes the stick has got a bit smaller or is being put away for another day. The way things are going i 'spose it dont make much odds whether the mortgages are held by a 100% owned state bank or a 70% (add yr own %) state bank.
2. paul said...
Contrary to popular belief, Northern Crock will not be lending more.