B&B blighted by endowment mis-selling - papers 23rd June

The Daily Telegraph reports B&B said the level of demand for buy-to-let mortgages remained at record levels as the business benefited from students, graduates and single people choosing to rent instead of buying their own home. Pressures from endowment mis-selling compensation claims forced B&B to take a charge of £38.7m in 2005 to cover potential liabilities for future claims, having already taken a £37.1m charge in 2004. BRITONS are saving ten times as much as they are borrowing on credit cards, overdrafts and loans - the highest level for six years, according to figures published in ...