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Bank of Ireland withdraws sub-prime range

Bank of Ireland has sent an email to brokers alerting them that it is withdrawing its entire non-conforming range from 5pm today.

The only other details included in the email was that all of its other products remain unchanged.

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HM Treasury moves to prevent dual regulation of mortgages

The HM Treasury and the Department for Business, Enterprise and Regulatory Reform has published a consultation document on proposed changes to the Consumer Credit Acit 1974 to prevent the dual regulation of mortgages.The consultation asks for views on a proposed change to the Act to ensure that the regulatory regimes of the FSA and the […]

Nationwide sees drop in net lending to £3.3bn

Nationwide’s results today show that it has seen a drop in net lending from £5.6bn last year to £3.3bn as a result of its cautious approach in 2007.It has also seen a decline in prime mortgage gross lending compared to last year, down from £13.5bn to £11.9bn.But it says that its proportion of prime mortgage […]

LibDems launch petition calling on Government to reveal Northern Rock loans

The LibDems have launched a petition calling on the Government to come clean on how much money has been lent to Northern Rock.Acting leader Vince Cable says the Government needs to answer some key questions including whether the loan will be paid back in full with interest in this Parliament. Cable says the Government needs […]

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