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Halifax

Article Abstract:

Halifax is the largest British mortgage lender and has dominated the market for some decades, though it faces competition from new, low cost lenders. Savers expectations have also increased, and this has led to margins being reduced between borrowing and lending rates. Mortgages account for 65% of Halifax's profits, though the bank has started to diversify. The bank also suffers from high costs compared with some lenders, and it is losing market share in terms of new mortgages. The bank is investing in an internet service, but changes will take time to have an effect.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
Banking industry, Halifax PLC

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Northern Rock

Article Abstract:

Northern Rock has a better cost performance than rival mortgage banks, and British mortgage demand appears strong. Credit Lyonnais and Teather and Greenwood rate the bank's stocks a buy, and Schroder Salomon Smith Barney's view is neutral.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
Northern Rock Building Society

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Halifax

Article Abstract:

Halifax faces problems from its mortgage business in Britain though has acquired 60% of St James Place Capital.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
Halifax

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Subjects list: Management, Mortgage banks
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