logo

Barclays Bank Page 1

Read about the latest mortgage news with deals and offers from Barclays Bank

RBS Fight Misrepresentation Claims

RBS is one of 17 banks being taken to court in the US by the US Federal Housing Finance Agency (FHFA) over claims that there have been “improper actions by the firms and individuals”
During the credit crisis over half a billion dollars of mortgage bonds went sour resulting in the UK governments bail out of the Royal Bank of Scotland group.  The group is now majority owned by the UK government and ultimately the British Taxpayer.
A arm of the US Government is now suing the Royal Bank of Scotland for the mortgage deals that went bad.  In a lawsuit filed in Kansas, in a Federal Court, the National Credit Union Administration (NCUA) is arguing that mortgage bonds sold by RBS were partly to blame for the collapse of up to five of the largest credit union.  The NCUA is the body that regulates all the small US Banks, commonly known as credit unions. Read more

Barclays in Rate Rigging Scandal

It has emerged this week that Barclays is under investigation as US and UK regulatory bodies probe suspected improper conduct in an alleged rigging of the benchmarking of the interbank lending rate.  This rate, the LIBOR, is used as a reference point for $350,000 billion in financial products. Read more

Capped Mortgages Good Value or a Bad Bet?

Those borrowers who are looking to take advantage of the sustained low Bank of England base rate of 0.5%, but are worried about future raises and want some sort of protection from them should look at capped mortgages. Read more

Barclays and RBS in the Dock

In a typically and somewhat predictable move, the bankrupt US lender; Thornburg Mortgages Inc and its trustees is suing Barclays, Royal Bank of Scotland and Goldman Sachs.  These are just a few of the top banks being sued for close to $2.2 billion (£1.3 billion).  Read more

The Winners from the ICB Review

Which banks and lenders came out of the Independent Commission of Banking’s preliminary review best, which came out worse and what is the impact on your bank. Barclays and RBS were the stand out winners and the unfortunate Lloyds Banking Group; the biggest looser.  Read more

Barclays in Rate Rigging Scandal

It has emerged this week that Barclays is under investigation as US and UK regulatory bodies probe suspected improper conduct in an alleged rigging of the benchmarking of the interbank lending rate.  This rate, the LIBOR, is used as a reference point for $350,000 billion in financial products.  Read more

Battle of the Banks – Mortgage Price War

UK Banking giants HSBC and Barclays are going head to head to take the lions share of the UK mortgage market. Both banks weathered the financial crisis well unlike many of their rivals which has given them a good footing and the resources to take on more mortgage customers. Read more

Great Escape Mortgage Offers Great Savings

Barclays, who recently celebrated hitting £100 billion in mortgage lending has launched a new product for borrowers on the standard variable rate (SVR).

At the start of the month, Barclays mortgage brand Woolwich celebrated increasing its mortgage holding by almost 50%. Over the past three years they increased their holding from £56 billion to around £100 billion in home loans. Read more

Could Life Time Tracker Mortgages be the Answer?

Well over 100,000 home owners will see their mortgage end from now until Christmas and will be looking for a deal. When their mortgage expires they will be moved onto less attractive standard variable rates (SVR). Many borrowers are already looking for a good deal ahead of their mortgage term coming to an end. Read more

Barclays Offer New Switch & Fix Option

Barclays bank, under its Woolwich brand has launched a new ‘Switch and Fix’ product that will allow all its customers to move from a tracker mortgage to a fixed rate mortgage without incurring an early repayment charge. Read more

Next Page »

© Copyright www.mortgagerates.org.uk 2011, All Rights Reserved.