Archive for October, 2008

TweetShareConsumer watchdog Which? has called on the government to force banks that have been bailed out by taxpayers’ money to “immediately” pass on the Bank of England’s base rate cut to customers. The body has written to chancellor Alistair Darling to demand the measure, claiming that lenders must give debt help to the public whose [...]

TweetShareThe Council of Mortgage Lenders (CML) has published a new guide on mortgage arrears and repossession following growing public concern. It outlines procedures that lenders should ideally follow in order to ensure they turn to repossession as a last resort. While it is not designed to be a definitive set of rules to be applied [...]

TweetShareBanks have been urged to pass on lower prices to borrowers in light of recent reductions in rates. Lenders must provide some debt help to customers after the recent Bank of England base rate cut and a fall in the London Interbank Offered Rate (Libor), Darren Cook from Moneyfacts has claimed. The Libor figure – [...]