Major Mortgage Lender Struggling To Restore Confidence
Posted on March 24, 2008 - Filed Under Finance | Leave a Comment
Unless you’ve been abroad or sleeping for the past couple of weeks, you’ll be aware of the mire in which major mortgage lender Northern Rock are in. The panic started after news of their approach to the Bank of England to secure loan funding surfaced, sparking fear amongst their customers that the bank was insoluble and in danger of collapse. But, whether the turmoil in the loans industry is real or over-hyped, unwarranted media-led hysteria remains to be seen.
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