UK Mortgages rates and deals

The bank is still in discussions with the Treasury about its participation in the asset protection scheme as it reported a £10.8bn loss at HBOS and an 80% fall in pre-tax profits at Lloyds, in line with a warning issued earlier this month

You don’t have to be insolvent or in financial difficulties to write off your debt The blame lies with the lender for booking business that it can’t legally enforce - not with individuals for exercising their legal rights Read all about it in this article

More bad news from the UK’s banks is expected, with the Lloyds Banking Group due to post its results for 2008.

HONG KONG (Reuters) - Three potential bidders remain for the sale of a large stake in American International Group’s AIA Asian life insurance unit, people close to the matter said, as the auction process heads into its final week.

WASHINGTON (AP) — House Democratic leaders have abruptly canceled votes on legislation to let bankruptcy judges reduce the principal and interest rate on mortgages for debt-strapped homeowners….

The beleaguered bank, already nearly 70% state-owned, is raising another £13bn of equity capital from the Treasury as part of the UK government’s asset protection scheme

100 per cent mortgages were “foolish”