Content area
Full Text
The perilous position of Savills Lending Solutions shows how tough times are in the specialist market. Meanwhile, I'm not surprised to see Santander close its Alliance & Leicester brand
Swaps plummeted last week, with most of the drop coming after gloomy Bank of England growth predictions. Three-month LIBOR is unchanged at 0.74%, although it will undoubtedly fall too.
1-year money is down 0.05% at 0.83%
2-year money is down 0.12% at 1.29%
3-year money is down 0.17% at 1.62%
5-year money is down 0.21% at 2.21%
It was sad to see the news about Savills Lending Solutions, which reflects the harsh conditions in the specialist market. Rob Jupp is a talented and popular individual, and would be an invaluable asset at any...