Grovelawn Financial News November 2008

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27/11/2008 – Credit card companies sign up for fairer terms
Debt charities welcome initiative

25/11/2008 – Mervyn King backs Alistair Darling
Base rate cut could be on the way

18/11/2008 – Rates cut on current accounts
Savers no better off

14/11/2008 – Bail outs could increase cost of borrowing
Building societies start to buckle under strain

12/11/2008 – Tracker mortgages re appear in the market
Mortgage lenders slowly release their new deals

11/11/2008 – Property sales shrink but there are bargains to be had
Auction sales will increase

07/11/2008 – Treasury to pay out £800million to Icesavers
Savers to receive 100% of their money back

06/11/2008 – Base rate cut by 1.5%
Relief for borrowers as rate hits 3%

05/11/2008 – Existing landlords increase their portfolios
First time buyers find lending criteria too tough

04/11/2008 – RBS writes off further £6.1 billion
Preferential shares of £5 billion sold to the Treasury

03/11/2008 – Skipton and Scarborough merge
Merger will bring financial stability to its members

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

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