The banking industry has suffered a series of knock backs over the past couple of years, and as a result of a number of factors many consumers have lost confidence in banks and building societies, which have come under fire for a variety of things. (more…)
Tags: mortgage, Best Regional Building Society, building society, Cumberland, mortgage broker, cumberland building societyThere seems to be some confusion over just how the credit crunch is affecting building societies in the UK, with conflicting opinions from various officials within the building societies industry. When the global credit crunch took a hold it became quite apparent very quickly that the larger banks and financial institutions in the UK were going tom experience massive problems. Indeed, larger banks and lenders did start to experience many problems, with increasing difficulties when it came to securing finances on the wholesale markets in order to fund their lending operations. (more…)
Tags: credit crunch, building society