MONEY MEMORIES MILESTONES – BUYING A HOME


Buying a house

There can be few bigger milestones in a person’s life than buying their own home.

In this day and age it is getting more difficult than ever with the lack of affordable housing nationwide and the difficulty in raising enough cash for a large enough deposit to get a mortgage.Read More


SUCCESS STORY – ‘So professional, pleasant and friendly’

SUCCESS STORY – ‘So professional, pleasant and friendly’

Martin Edwards had been with Lloyds Bank for 40 years, starting his account when he was a boy soldier of 15, and had lots of different loans and other agreements with them, but had no idea whether or not PPI was attached to any of them.

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Government prepare to sell RBS – but only after US mis-selling case

Government prepare to sell RBS

The government is preparing to sell a £3 billion stake in Royal Bank Of Scotland (RBS), but the sale is likely to be delayed until after the decision in a long-running American mis-selling case is known.

Sources have said the Treasury is preparing for the sale, but a potentially massive fine from the American Department Of Justice (DOJ) is still hanging over the bank.Read More


What is PPI and why could it be important to you?

What is PPI and why could it be important to you

The initials PPI have become part of the British way of life in recent years with millions of people claiming billions of pounds because it was mis-sold to them.

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Another £6bn of B&B mortgages go up for sale

Another £6bn of B&B mortgages go up for sale

The UK government is preparing to sell off another £6 billion worth of Bradford and Bingley (B&B) mortgage loans – twice the expected amount.

The sell-off follows the successful deal in which insurance giant Prudential and US private equity firm Blackstone bought £11.8 million worth of B&B mortgages in March.Read More



RBS ‘pennies on the dollar’ MBS settlement

RBS ‘pennies on the dollar’ MBS settlement

Royal Bank Of Scotland (RBS) has achieved a ‘pennies on the dollar’ settlement for one of a number of mortgage class actions it is facing in America.

RBS – together with Wells Fargo and Deutsche Bank – have reached a $165 million class action settlement in a case involving their underwriting for sub-prime mortgage lender NovaStar Mortgage of Kansas City.Read More


Blackstone and Prudential close in on Bradford & Bingley sale

Blackstone and Prudential close in on Bradford & Bingley sale

Blackstone and Prudential have been named as preferred bidders for the sale of the former Bradford & Bingley £12.5 billion mortgage book.

The two firms have won out against stiff competition from a number of other prospective buyers including private equity firm Cerberus, hedge funds Car Val, Elliott and Och-Ziff and specialist mortgage bank Paragon.Read More


Race to buy Bradford & Bingley enters final stages

Race to buy Bradford & Bingley enters final stages

The race to buy a share of the Bradford & Bingley £12.5 billion mortgage book is entering its final stages with a number of finance groups joining forces to put in their bids.

The latest bidders for a slice of the pie are the Prudential insurance company and Paragon Bank who want to buy up around £3 billion worth of the assets on sale.Read More


Bradford & Bingley battle heats up

Bradford & Bingley battle heats up

The battle to buy the £16 billion loan book for the former Bradford & Bingley is heating up with the government receiving inquiries from more than 50 financial service companies.

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