Grovelawn Financial News September 2008

← Mortgage & Finance News For August 2008 | Finance News For 2008 | Mortgage & Finance News For October 2008 →

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

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

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

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

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

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

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

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

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

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

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Grovelawn Financial Services, Gemini house, Hargreaves Road, Swindon, Wilts, SN25 5AZ — T: 0845 458 2633 — F: 01793 706 533 — E: enquiries.ignore@grovelawnfinancial.remove.co.uk