Posts Tagged ‘Banks’
New EU Mortgage Laws To Stop Turmoil of House Price Bubbles
This week new EU rules will come into force across Europe’s 6.5 trillion Euro mortgage market. The aim is to stop the possibility of future housing bubbles by ensuring the creditworthiness of potential customers, along with proper assessment of their ability to repay. [Read More]
Banks Force Commercial Loan Restructures
Directives have sent down by the government owned banks in particular, such as RBS & Lloyds etc whereby those banks are to being told to force commercial loan restructures on businesses, are creating havoc for weary business owners who are already struggling to make [Read More]
Why Spanish Bank Repossessions Are Bad Investments
Spanish banks are playing dirty with the resale of property repossessions. Banks in Spain are so desperate to get rid of their property stock that they are resorting to underhand means to achieve it. A common scenario is to auction the properties and offer them on a 100% ( [Read More]
How To Claim Back PPI
Banks announcing that they will not appeal against the High Court verdict opens up the gates for those who feel they were mis-sold PPI to make a claim. Ultimately lenders have decided to to put aside funds to pay out the expected claims on payment protection insurance [Read More]
Banks Tempt First Time Buyers With Save To Buy Schemes
In new deals just released, banks are to tempt first time buyers back into the market with ‘Save To Buy schemes’. At least two seperate banks have released similar schemes along these lines in the past couple of days. The new products called ‘Save To [Read More]
Banks Are Investing In Social Media Companies
In the news this week is USA bank JPMorgan Chase who are planning on opening a new fund which will invest primarily social media companies such as Groupon, Facebook & Twitter. JP Morgan are looking to raise $500 to $750 million from wealthy investors to make it all [Read More]
