Roland Kitson will imminently be leaving Close Investments following thirteen years with the company.

Struggling howeowners in negative equity will be unable to benefit from the Government's mortgage rescue package, according to The Times.

London shares fell sharply in early trading as investor confidence was hit by stock prices plummeting across the world, with the FTSE 100 down 73.9 points (1.38%) to 5,288.2 by mid-morning.

Accord Mortgages has launch a new range of products today, with reductions of up to 0.7%.

Abbey International has launched a range of limited offer fixed rate contracts, currently paying 6.75% AER.

The newly-formed £75bn combination of Resolution Asset Management and Axial Investment Management will be called Ignis Asset Management.

Standard Life Bank has cut rates on several of its Freestyle flexible mortgages, with new rates available from today.

Old Broad Street Research (OBSR) has acquired Crosby Forsyth's international fund research and ratings business.

HBOs led the FTSE's decline as the index plummeted a huge 137.6 points (2.5%) to 5362.10.

The Governing Council of the EBC has held interest rates at 4.25% as the Eurozone feels the pinch.