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Bradford and Bingley Nationalised
The goverment has nationalised the Bradford and Bingley bank today stating that it acted quickly to avert any further issues cause by the colapse in its share price and to protect consumer deposits.
At this stage it is uncertian what will happen to the UK's largest Buy to Let lenders product range and mortgage book but at this stage it seems almost certain that it will be withdrawn and the existing loans remortgaged to other lenders.
29 September 08
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