Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Britain?s biggest mortgage lender forced to sell

Staff Reporter 1 minute read

Lloyds TSB Group has reportedly agreed to purchase Britain’s biggest mortgage lender HBOS for around £12 billion (A$27.6 billion).

The news comes after HBOS’ shares lost more than half their market value in just three days this week.

Lloyds TSB, ironically HBOS’ greatest rival lender, is expected to pay around 232 pence ($A5.33) a share for HBOS in a deal that will give the lender control of more than a quarter of the UK mortgage market.

Published: 18-09-08

Today's other news

Advertisement
Advertisement

 


Britain?s biggest mortgage lender forced to sell
default
TheAdviser logo
default
more from the adviser
first home buyers ta Brokers wrote half of FHLDS loans

The latest figures for the FHLDS suggest that brokers assisted in...

percent arrow down ta Low repayment loan for brokers launches

Specialist lender TrailBlazer Finance has launched a new low repa...

handshake contract ta PLAN bolsters lending panel

The aggregator has announced the addition of Better Choice Home L...

FROM THE WEB