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Oct 17, 2008
Money Marketing, UK -
Credit and housing charities have hit out at Northern Rock for it’s “aggressive” repossession strategy. Credit Action, a debt advice charity, has accused Northern Rock of aggressively chasing those in arrears and do not offer enough flexible options to those ... -
Oct 17, 2008
Finance Markets, UK -
by Gill Montia Credit Action is claiming that Northern Rock’s level of repossessions is twice that of its rivals. The debt charity is calling on the Treasury to intervene and insist that the nationalised lender responds more sympathetically to borrowers who fall behind with their ... -
Oct 17, 2008
Mortgage Strategy, UK -
The Council of Mortgage Lenders has sought to clarify the scale of repossessions being carried out in the UK. The trade body is concerned that the media is misleading consumers when it comes to the current level of repossessions. As a result the CML has released ... -
Oct 17, 2008
Mortgage Strategy, UK -
The Conservative party has attacked the government’s policy on repossessions claiming that it is mired in confusion. Government-backed lender Northern Rock has seen its repossessions rate soar by 68% between December 2007 and June 2008. But prime minister Gordon Brown ... -
Oct 17, 2008
The Herald, UK -
The UK Government was urged to act yesterday amid accusations that "nationalised" banks were using "aggressive" repossession tactics, despite being publicly funded. What did they expect? - public money grabbed and given to them without voter representation or participoation, ... -
Oct 17, 2008
The Herald, UK -
The revolution that has left British taxpayers with a 40% stake in the country's mortgage market has been achieved at such breakneck speed that the terms of engagement remain shrouded in mystery. Gordon Brown talks simultaneously about an arm's-length relationship and curbing executive remuneration. He says ... -
Oct 18, 2008
Journal Live, UK -
THE new chief executive of Northern Rock last night defended his bank after claims it has adopted a “hard-line” approach to repossessions. ... -
Oct 18, 2008
Money Magic Mortgage News, UK -
Nationalised mortgage lender Northern Rock has been accused of pursuing aggressive repossession tactics, it has been reported. Charity Credit Action said the government owned bank is not flexible enough with customers falling behind with their mortgage repayments. There were ... -
Oct 18, 2008
Mirror.co.uk, UK -
By Jason Beattie And Clinton Manning 18/10/2008 The state-owned bank was more likely to take back properties than any other lender, claimed Chris Tapp, director of charity Credit Action. He said: "As soon as people fall behind they have started ... -
Oct 18, 2008
News & Star, UK -
There can be few crises more traumatic for any family than finding itself homeless. So Northern Rock’s new, aggressive attitude to those falling behind with their mortgage repayments could cause misery for many Cumbrian households. The bank was always a popular option ...
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Oct 18, 2008
Sunderland Echo, UK -
Bosses at Northern Rock have reacted angrily to claims they are too quick to throw people out of their homes. And Prime Minister Gordon Brown has distanced himself from the row, saying the Government runs the nationalised bank at "arms length". Northern Rock's repossession policy ... -
Sunday, October 19, 2008
Homesgofast.com, UK -
The UK nationalized Bank Northern Rock is more likely to repossess its customers homes more than any other UK bank says a charity aimed at helping beleaguered home owners. The charity Credit Action said Northern Rock it is not being flexible enough with customers who ... -
Sunday, October 19, 2008
Home Move, UK -
by Lin Freestone The housing charity Shelter has revealed that the nationalised bank Northern Rock is repossessing 50% more properties than other banks and building societies. Northern Rock has denied the allegations that it is more aggressive than its competitors on ... -
Oct 17, 2008
guardian.co.uk, UK -
A debt charity today urged the Treasury to put pressure on Northern Rock to change its approach to property repossessions. Credit Action has criticised the nationalised bank saying it is twice as likely as other lenders to repossess a home if borrowers fall behind ... -
Oct 17, 2008
guardian.co.uk, UK -
Northern Rock customers face rapid court action if they hit financial trouble. Photograph: Jason Hawkes/Getty Credit Action, a UK charity, has accused Northern Rock of moving swiftly to repossess homes once people fall behind with their monthly payments. ... -
Oct 17, 2008
Motley Fool UK, UK -
Who’s to blame for the credit crunch? In our recent On The Money video on this topic, some Fools blamed the banks, some blamed the Government– and some blamed the borrowers. Northern Rock, it seems to me, is like a Venn diagram incorporating all three. The ... -
Oct 17, 2008
Times Online, UK -
A debt charity has accused Northern Rock, the nationalised mortgage lender, of "aggressively" pursuing homeowners who are struggling to meet their mortgage repayments for the money they owe. Credit Action said Northern Rock has an ... -
Oct 17, 2008
Sky News, UK -
Use the drop down menu below to filter stories and videos the way you want - when you want it! Northern Rock has denied claims by charities that it has adopted an "aggressive" attitude towards repossessions. ... -
Oct 17, 2008
Bloomberg -
By Ambereen Choudhury Oct. 17 (Bloomberg) -- Northern Rock Plc, the mortgage- lender nationalized in February, has an ``aggressive'' approach to home ... -
Oct 17, 2008
BBC News, UK -
Charities and opposition MPs have urged ministers to act after it emerged that Northern Rock is repossessing 50% more properties than the industry average. Shelter said ministers had a "moral duty" to help people stay in their homes while the Lib ...
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