UK Mortgages rates and deals

February 23, 2009

US ‘open’ to raising stake in Citi

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 6:11 pm

The US government signalled that it was willing to raise its equity stake in Citigroup, a move that would partly nationalise the troubled bank but avoid full nationalisation

Rock to revive mortgage lending

Filed under: General Business — Phill Taylor @ 12:11 pm

Nationalised bank Northern Rock is to revive its mortgage business by taking on up to £14bn in new loans by 2011.

RBS to cut balance sheet by 25%

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 12:11 pm

Royal Bank of Scotland will this week unveil plans to shrink its balance sheet by up to a quarter over the next three to five years

3i does deal to bring in listed vehicle cash 

Filed under: Bridging Finance — Phill Taylor @ 12:11 pm

LONDON (Reuters) - Private equity firm 3i Group said on Monday it has acquired the assets of listed vehicle 3i Quoted Private Equity , giving it access to 240 million pounds of valuable cash reserves.

Resolution seen eyeing Prudential unit 

Filed under: Bridging Finance — Phill Taylor @ 12:11 pm

LONDON (Reuters) - Clive Cowdery, the entrepreneur founder of the financial buy-out firm Resolution , has approached Prudential to assess its interest in selling its UK insurance business, the Sunday Telegraph reported.

You Can Save More Money Than You Think When You Shop

Filed under: General Business — Denis Green @ 6:11 am

If you like to shop and hate to stay on a budget, then maybe you just need to make some changes in what you buy When money becomes a serious issue, like it is for most of us these days, you have to make adjustments somewhere and learning how to shop smarter is a great start

‘Slumdog’ big winner at the Oscars

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 6:11 am

Slumdog Millionaire was the big winner at the 81st Academy Awards, scooping the best picture and director awards in an emotionally charged night that also saw the late Heath Ledger honoured

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