Mortgages News

April 2008

• First Direct turns away new customers

  02.04.2008

  Online bank temporarily withdraws mortgages for non-customers
• Abbey withdraws 100% mortgages

  08.04.2008

  First-time buyers will struggle to get on property ladder
• Help for first-time buyers from Government

  08.04.2008

  New measures to encourage first-time buyers to be announced
• Bank reduces interest rates by 0.25%

  10.04.2008

  Bank of England MPC reduce interest rates 5.0%
• Chancellor vows to act on mortgages

  14.04.2008

  Alistair Darling pledges to halt mortgage crisis
• Fastest drop in house prices since 1978

  15.04.2008

  Prime Minister to meet with leading bankers today
• Plan to end mortgage lending crisis by Bank

  17.04.2008

  Bank of England close to agreeing plan to end mortgage drought
• House prices to fall by 15% in next two years

  18.04.2008

  One in ten homeowners ?face negative equity?
• £50bn 'bank bailout' planned by Chancellor

  21.04.2008

  Alistair Darling to tell MPs bailout plan later today
• Chancellor to meet with mortgage lenders

  22.04.2008

  Darling to ask industry to help struggling borrowers
• No more rate cuts due say lenders

  23.04.2008

  Lenders tell Chancellor mortgage rates will continue to rise

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