Mark September 15 into your diaries. It's the date the world shifted into full scale financial panic. Not surprising, really. It's not every week that we see the disappearance of two of the investment banking world's giants, Britain's largest mortgage lender, and one of the world's largest insurance companies -..read more
BRITAIN'S largest mortgage lender, Halifax Bank of Scotland (HBOS), has agreed to a #12.2 billion ($27 billion) rescue by Lloyds TSB, though institutional shareholders expressed dissatisfaction over the terms of the emergency takeover - the biggest rescue in British history.
A mortgage lender may offer you an entirely different home loan to the one you expect, so you would do well to familiarise yourself with what a mortgage lender can offer before you approach them.