Lamport Bassitt Solicitors - Legal News - Mergers 'likely among mortgage providers'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Mergers 'likely among mortgage providers' It is likely that another wave of mergers will take place among mortgage providers in the UK, it has been claimed. According to a report in the Daily Mail, the latest planned changes will see the Chelsea and Yorkshire building societies join forces. In addition, Skipton is set to take over the Chesham, the publication noted. Meanwhile, it stated that the Coventry Building Society is in talks with Stroud and Swindon. It went on to suggest that the mergers could leave a considerable number of mortgage holders "scrambling to find out if their interest rates will stay the same when the new managers take over". Comments made recently by sales and distribution director at Virgin Holidays Chris Roe suggest that the mortgage sector may not be the only one to see an increase in mergers. He claimed that the three big independent travel agent consortia are likely to become two in the near future, TTG live reported. Related Articles: 22/9/2011 - Manufacturers targeting strategic acquisitions to drive growth 21/9/2011 - Mergers and acquisitions rule changes take effect 14/9/2011 - Govt wants to make London a 'legal hub' for the world 12/9/2011 - ICB banking reforms: banks set to be given until 2019 to prepare 8/9/2011 - Banking reforms in danger of being 'watered down' More Corporate Law News