Rollercoaster RIDE Shaken not Stirred

Morgan, Chris
July 2008
reFRESH Magazine;Jul/Aug2008, Issue 51, p99
Academic Journal
The article looks at the mortgage sector in Great Britain in 2008. Some of the mortgage lending criteria of Northern Rock were centered on increasing their market share instead of meeting their customer's needs. The author notes that interest rates will remain higher for the near future, as banks restore their balance sheets. He suggests that one should look for fixed rates and discounted deals when making mortgage loans.


Related Articles

  • PRODUCT MATTERS. Cornell, Jonathan // Money Marketing;6/3/2004, p60 

    Reports on Northern Rock PLC's two-year fixed rate mortgage. Main downside; Principal advantage; Daily interest; Payment holiday for clients.

  • Market watch. Cornell, Jonathan // Mortgage Strategy;6/26/2006, p23 

    The article discusses the weekly developments of fixed rates of several mortgage providers in Great Britain. Leeds Group PLC is leading the sector with a fixed rate of almost 5 percent and with no redemption charges. Woolwich PLC has an unprecedented volume of applications due to the popularity...

  • Lenders pull fixed deals as swap rates increase. Anker, Guy // Money Marketing;4/26/2007, p8 

    The article reports on the withdrawal of lenders on fixed-rate mortgage deals due to the speculation of bank rates increase in May 2007 in Great Britain. These lenders include Alliance & Leicester PLC, Northern Rock PLC and Portman company. A 5.25 percent increase is expected after the 3.1...

  • Market watch. Cornell, Jonathan // Mortgage Strategy;5/19/2008, p16 

    The article discusses the trend in mortgage lending in Great Britain. It first explores the impact of Bank of England's inflation report on interest rates. It then notes the reduction in fixed rate mortgage including that of Nationwide Building Society and Abbey Mortgages, as well as the policy...

  • Lloyds TSB referral loan deal with Rock. Blackmore, Nicole // Money Marketing;6/12/2008, p12 

    The article reports on the three-year deal signed between financial services providers Lloyds TSB Group PLC and Northern Rock PLC for borrowers coming to the end of fixed-rate mortgages in Great Britain. It notes that Northern Rock will write to borrowers who meet certain credit requirements,...

  • IN BRIEF: Broker-exclusive fixes on offer at Northern Rock.  // Engineer (Online Edition);6/6/2011, p6 

    The article reports on the introduction of broker Northern Rock PLC's intermediary-exclusive two-year fixed rate deal without product fee at 3.34% up to 70% loan-to-value (LTV).

  • INTERMEDIARY RESPONSE. McCully, Paul // Mortgage Strategy;4/2/2007, p71 

    The article discusses the response of Smart Mortgage Processing director Paul McCully to a letter sent by a reader asking for an advice about the best rate of tracker and fixed rate mortgages. He said that the lifetime tracker offered by Northern Rock PLC, which has a base rate of 0.04%, is a...

  • Fears rise as Rock releases competitive fix. Jones, Lee // Money Marketing;8/14/2008, p2 

    The article reports on the move of Northern Rock PLC to launch its new mortgage range which includes a highly competitive two-year flexible fixed rate from 5.89 percent in Great Britain. It notes that the move has been done despite the concern that the nationalized bank is competing unfairly for...

  • MedEconomics: Looking for a good mortgage deal. Mileham, Phil // GP: General Practitioner;4/9/2010, p59 

    The article offers tips on finding a good mortgage loan deal in Great Britain. House prices showed an upward trend for much of 2009 but fell slightly at the start of 2010, although the overall housing market has shown signs of recovery recently. Providers are being more responsible in their...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics