In the News - Lloyds TSB
Lloyds TSB to offer mortgages to select Northern Rock customers
High Street Bank, Lloyds TSB, is to offer new fixed-rate mortgages to certain Northern Rock customers, in a three-year deal between the two banks announced today. The deal allows Lloyds TSB effectively to 'cherry-pick' those customers with a favourable credit history when their existing deals with Northern Rock expire and offer them new deals. It is not clear what will happen to borrowers that Lloyds TSB do not want.
Northern Rock was nationalised earlier this year after it borrowed to £27 billion from taxpayers to prevent its collapse (reported in 'In the News' on 18 February 2008). The Lloyds TSB deal is one of a series of measures designed by the Government to return the bank to private hands.
(Sources: Times Online BBC.co.uk)
Rate these businesses/organisations:
- Lloyds TSB Bank (0.99
) - Northern Rock (1.85
) - Recommended Banks & Other Financial Institutions on Plebble.com
Post to: Digg | Del.icio.us | Stumbleupon | Reddit | Facebook | Newsvine
05-Jun-2008 10:52:44
Sign up to Plebble's RSS feed here to keep up to date on all the latest stories.
