Interest rates and government intervention helped repossession levels

According to figures that were recently published there was a significant drop in the number of repossession in the UK in the final three months of last year. Read more

Tags: mortgage, government, economics, Subprime lending, United Kingdom, finance, Labour, general election

Northern Rock cuts its repossession numbers

The nationalized mortgage lender Northern Rock has recently announced that it has managed to cut its mortgage repossession numbers as a result of the housing boom seen over the summer period. The bank has also seen stabilisation of the number of mortgage customers on its books that are in arrears with their mortgage repayments. Read more

Tags: lender, northern rock, temptation, taxpayer, general election

King takes a stance on public borrowing

As most people are only too aware the public purse has taken a real bashing over the past year, with the government using taxpayers’ money for all sorts of measures in order to try and stabilise the financial system and improve the economy. Read more

Tags: global downturn, report, Conservative Party, public borrowing, Deficit, general election, recession