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Mortgage rates soar as credit crunch bites

Home  Sep, 2007

Mortgage rates soar as credit crunch bites - Banks are turning away business, cutting lending limits putting up interest rates as credit crunch takes hold IMF predicts global slowdown - The International Monetary Fund warned that turmoil credit markets is likely be 'protracted' lead slowdown global economic growth



Mortgage rates soar as credit crunch bites  [09/25/2007 01:17 PM]
Banks are turning away business, cutting lending limits and putting up interest rates as the credit crunch takes hold
IMF predicts global slowdown  [09/25/2007 01:17 PM]
The International Monetary Fund warned that the turmoil in credit markets is likely to be 'protracted' and lead to a slowdown in global economic growth
Market report: Tuesday latest  [09/25/2007 01:17 PM]
09.45:The threat by Gordon Brown to reverse 24-hour licensing hours does not appear to have cut much ice with the pub chains
Halifax's 762 calls to cancer victim in debt  [09/25/2007 01:17 PM]
A cancer patient has taken legal action to stop Halifax bombarding him with calls that have 'driven him to despair' in a dispute over a debt
Rock shareholders: Board hid problems  [09/25/2007 01:17 PM]
As the share price tumbled, shareholders accused Northern Rock of hiding the fact that it was in trouble, holding secret takeover talks and in need of an emergency bail-out
High court shuts down boiler rooms  [09/25/2007 01:17 PM]
Two UK firms that were pushing unsuspecting investors into the hands of boiler rooms in Gibralter have been shut down by the industry watchdog
Apple accused of 'scare tactics' on iPhone  [09/25/2007 01:17 PM]
Apple has warned that anyone unlocking the iPhone other than O2 in the UK risked losing the use of the device
Minister gets slapped down for tax idea  [09/25/2007 01:17 PM]
A Treasury minister was hurriedly slapped down today for saying Labour should hit top earners with higher tax
BP warns of 'dreadful' results  [09/25/2007 01:17 PM]
BP was plunged into further crisis today, after its new chief executive admitted its current performance is 'dreadful'
Cussons to end final pension schemes  [09/25/2007 01:17 PM]
Soap maker PZ Cussons has announced plans to shut its final salary pension fund. The news comes as it reported bumper sales for its Charles Worthington brand
Microsoft in talks for stake in Facebook  [09/25/2007 01:17 PM]
Bill Gates's Microsoft is reportedly in talks to take a stake in Facebook, a deal that could value the social networking site at £5bn
UK finances 'in worst shape for 14 years'  [09/25/2007 01:17 PM]
Government spending speeded up and tax receipts lagged in August, sending the public finances £9.1bn into the red, well above the £6.5bn expected
Darling: '£100K of your savings protected'  [09/25/2007 01:17 PM]
Alistair Darling has promised to learn the lessons of Northern Rock with a new £100k safety net for ordinary savers and stricter rules for banks
New-build buy-to-let warning  [09/25/2007 01:17 PM]
Potentially disastrous, and possibly fraudulent, buy-to-let borrowing exists on an unknown scale in the books of mortgage banks, according to surveyors and lenders
Crackdown on credit card limits  [09/25/2007 01:17 PM]
Half a million people have had their spending limits cut amid growing signs of a crackdown on easy consumer credit
Executive pay rises twice the average  [09/25/2007 01:17 PM]
Executive salaries grew at almost double the rate of the average worker in 2006, a report reveals
Property boom trebles £1m-plus homes  [09/25/2007 01:17 PM]
The effect of the property boom has been revealed by a new report showing that the number of homes selling for more than £1m has almost trebled over the past five years
£250k fine for GMTV quiz firm  [09/25/2007 01:17 PM]
GMTV's competition phone line provider was fined a record £250,000 for picking potential winners early at a cost of some £20m to callers, the regulator said today
Gross payout at Northern Rock  [09/25/2007 01:17 PM]
As a former member of the Court of the BoE you would have thought Northern Rock director, Sir Ian Gibson, would have a good idea of what is acceptable behaviour for a failing bank
30 second guide to gold fixing  [09/25/2007 01:17 PM]
The Daily Mail City Team explain gold fixing
Why panic was sensible in the Rock debacle  [09/25/2007 01:17 PM]
No one is emerging unscathed from the blood-letting in financial markets - except, of course, the architect of Britain's failing frontline defence
Hetherington: Cold comfort over fate of Foster's farm  [09/25/2007 01:17 PM]
Every week, Tony Hetherington replies to readers' letters, adding comments, advice and the results of his enquiries.
Why are customers always the last to know?  [09/25/2007 01:17 PM]
The Bank of England and the Financial Services Authority knew as long ago as August 14 that Northern Rock was in trouble. So why did they allow the bank to take money from savers?