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Last month the ECB tried once again to allay fears in the rattled credit markets by injecting another £47.67bn into the banking system. European stock markets seemed to be rebounding. The ECB said that market conditions were 'normalising', but watch this space.
As for Northern Rock, any buyer will need deep pockets; analysts estimate that the bank will need some £20bn of financing over the next year, probably even more than one could get on a personal loan from Ocean Finance.
OUR TYPICAL, VARIABLE RATE IS 17.9% APR. RATES RANGE FROM 11.9% to 29.9% APR
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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