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More jobs cut at Lehman Bros

Lehman Brothers is to cut a further 200 jobs across its UK mortgage capital business but says it is committed to remaining in the UK mortgage market. It axed 177 jobs in November.

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The end of the 125 per cent mortgage may be seen as no bad thing. Whether it is the end of the 100 per cent mortgage remains to be seen despite some headlines to that effect. Clearly, it is now more difficult to secure credit. Our fear is with those who cannot renew their mortgage […]

Skipton group sees 13.6% rise in profits

Skipton Building Society Group reported a 13.6 per cent rise in pre-tax profits to £165.5m last year from £145.7m in 2006 . This included a one-off gain of £36m for the sale by Connells of the shares in property website Rightmove. Assets of the society and its 19 subsidiaries increased to £12.53bn from £10.6bn in […]

Boiler room

Several years ago, ina moment of madness, I took out breakdown cover for my gas boiler. In return for a monthly fee, my particular provider guarantees to come round and fix the problem within 24 hours.

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