Daily Doom

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DimPrawn replied

8 August 2008, 09:49
Originally posted by sasguru View Post

Yes house prices are going to go down forever because that seems to be the current trend

Nice try.
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sasguru replied

8 August 2008, 09:43
Yes house prices are going to go down forever because that seems to be the current trend
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DimPrawn replied

8 August 2008, 09:40
Originally posted by oracleslave View Post

Am sure they were prudent with their 5bn profit from last year so the 691 million loss over the same period this year is a minor irritation.

I'm sure they've got plenty of money and no debts to worry about.
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oracleslave replied

8 August 2008, 09:37
Originally posted by DimPrawn View Post

http://news.bbc.co.uk/1/hi/business/7548877.stm

The number of properties repossessed by mortgage lenders in the UK rose by 41% in the first half of 2008, to 18,900, the Council of Mortgage Lenders says.

The sharp rise had been widely expected as an economic slowdown makes it harder for some homeowners to repay mortgages.

Repossessions have been rising since the second half of 2004 but have now begun to accelerate.

The number of mortgages in arrears has also risen, up by 20% in the first half of the year, to 155,600.

http://news.bbc.co.uk/1/hi/business/7548646.stm

Royal Bank of Scotland (RBS) has posted a pre-tax loss of £691m during the first six months of 2008, the second-biggest loss in UK banking history.

RBS, which owns NatWest bank, said it was hit by £5.9bn of write-downs after the credit crunch cut the value of many of its mortgages and assets.

The bank made a profit of £5bn during the same period last year.

Am sure they were prudent with their 5bn profit from last year so the 691 million loss over the same period this year is a minor irritation.
Leave a comment:
DimPrawn started a topic Daily Doom

8 August 2008, 09:33
Daily Doom

http://news.bbc.co.uk/1/hi/business/7548877.stm

The number of properties repossessed by mortgage lenders in the UK rose by 41% in the first half of 2008, to 18,900, the Council of Mortgage Lenders says.

The sharp rise had been widely expected as an economic slowdown makes it harder for some homeowners to repay mortgages.

Repossessions have been rising since the second half of 2004 but have now begun to accelerate.

The number of mortgages in arrears has also risen, up by 20% in the first half of the year, to 155,600.

http://news.bbc.co.uk/1/hi/business/7548646.stm

Royal Bank of Scotland (RBS) has posted a pre-tax loss of £691m during the first six months of 2008, the second-biggest loss in UK banking history.

RBS, which owns NatWest bank, said it was hit by £5.9bn of write-downs after the credit crunch cut the value of many of its mortgages and assets.

The bank made a profit of £5bn during the same period last year.
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