Monday, January 19, 2009

The future of UK banking?

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 (738 views)
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2 thoughts on “The future of UK banking?

  • 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.

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  • Contrary to popular belief, Northern Crock will not be lending more.

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