Grovelawn Financial News September 2008

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30/09/2008 – US $700 billion bail out rejected
Talks to resume next week

25/09/2008 – Nomura buys part of Lehmans
Two divisions go for $2

18/09/2008 – TSB confirms its takeover terms
Lloyds TSB highlights closures and cost cutting

17/09/2008 – HBOS up for sale
Lloyds in talks to buy bank

15/09/2008 – Lehman Brothers goes bust
Thousands will lose their jobs

12/09/2008 – Lenders announce rate cuts
Mortgage rates to come down further

10/09/2008 – Value of auctioned homes down by 25%
Investors snap up bargins

09/09/2008 – The Chancellor to help housing finance market
Mr Darling to announce new measures soon

08/09/2008 – US Government rescues ailing lenders
Lifeline to Fannie Mae and Freddie Mac

02/09/2008 – Stamp duty suspended for properties under £175k
Series of measures from the Government to aid buyers

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Your property may be repossessed if you do not keep up repayments on your mortgage.

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Grovelawn Financial Services, 3b Restormel Industrial Estate, Liddicoat Road, Lostwithial PL22 0HD — T: 0845 458 2633