It turns out that the plan to nationalise Northern Rock isn’t quite as straight forward as we were all led to believe. Although far from ideal, the government’s scheme to bring the bank into public ownership seemed like the best way to ensure that the country benefited from lending billions of pounds of taxpayers money […]
21 Feb, 2008
Posted by: Lance In: News
Mixed news from the Council of Mortgage Lenders this week. The organisation claims that UK mortgage lending increased by 11% to £26.5 billion in January, but the outlook for the coming months isn’t so good with lending volumes expected to drop. The director of the CML said this is due to “considerable uncertainty in the […]