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Rates will remain the same for new tracker customers
Story by: Gemma Westacott, FTAdviser
The availability of high loan-to-value (LTV) mortgages has hit a new low, as the ongoing turmoil within the financial markets causes lenders to continue withdraw the products from the market.
HSBC has sought to further distance itself from the government's banking rescue scheme, strengthening the capital base of its UK subsidiary HSBC Bank through an equity injection of £750m.
Citizens Advice Bureau has reported an increase in the number of people seeking advice on how to manage mortgage and secured loan arrears.
HBoS has revealed details of its restructured sales teams for its mortgage brands, with its business development managers to take up their new job roles straight away.
The Treasury Committee is to hold a one-off evidence session into the economics of the housing market
Cluttons estate agency is tightening up its timeframes for property sales in an attempt to reduce exposure to gazundering.
House prices recorded their smallest monthly fall for seven months in September, dropping by 1.3 per cent.
Competition in the equity release market, compared to other mortgage sectors, has created more opportunities for shopping around for deals, according to an expert.
Norton Rose polls over the impact the credit crunch will have
Shareholders body claims that it has received complaints over the nationalisation
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