Bradford Bingley Tries to Gee Up Housing Market

Summary


HIGH Street bank Bradford Bingley today tried to shore up faith in the housing market after a year where its residential lending business remained pegged at Pounds 7.7 billion.

Chief executive Steven Crawshaw warned that while the former building society has noted "some increase" in arrears levels this year, a trend which began at the tail end of 2004, he did not expect any "material deterioration in credit conditions".

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Extract


Bradford Bingley Tries to Gee Up Housing Market

His comments came as he delivered a 6% rise in an...

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