UK: CML WARNS AGAINST LENDING TOO MUCH
Article Abstract:
The UK Council of Mortgage Lenders (CML) has told lenders to be cautious about agreeing loans which are too large, in case of default. According to research commissioned by the CML and conducted by Mori, one twentieth of borrowers would have difficulty repaying their loan if their partner or themselves were to be without a salary for over 90 days. However, according to the technical director of Charcol, mortgage broker, Ray Boulger, most borrowers take a sensible attitude to their loans.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
UK: MIGS RETURN AT YORKSHIRE BUILDING SOCIETY
Article Abstract:
Yorkshire Building Society is one of a number of UK lenders which are reintroducing mortgage indemnity guarantees (Migs). The practice had been shelved due to unpopularity, however, Yorkshire is now offering a choice of two years fixed rate at 5.59% plus a Mig charge from 75% loan-to-value, or two years fixed rate of 6.49%, with lender taking responsibility for the Mig charge. Britannic Money has also relaunched the Mig.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
UK: STROUD & SWINDON DETERS RATE HOPPERS
Article Abstract:
Stroud & Swindon Building Society is making its discounted rates unavailable to remortgagers seeking lowest rates, dubbed rate hoppers. The rates affected include the two year 5.74% offering, along with the one-year 4.74% fixed rate, which is followed by four years at 0.95% less than base rate.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: UK: CHARCOL LAUNCHES DIVORCEE MORTGAGE. UK: STANDARD LIFE BANK OFFERS MORTGAGE WITH BONUS
- Abstracts: UK: HARVEST VENTURE CAPITAL TRUST TO BE WOUND UP. UK: VANGUARD PLANS EXPANSION. UK: GOVETT SHAREHOLDERS DEFEAT LIQUIDATION CALL
- Abstracts: UK: RECORD HOME LENDING IN 2000. UK: FSA FORECASTS MORTGAGE ADVISER DECLINE. UK: CML warns new rules could cause job losses
- Abstracts: DENMARK: SKANDIABANKEN FASTEST GROWING INTERNET BANK. DENMARK: MIDTBANK INVOLVED IN INSIDER SCANDAL
- Abstracts: FRANCE: TOOLS FOR PROMOTING A WEB SITE. FRANCE: ELECTRONIC TRADE ATTRACTS FEW SMES. FRANCE: WORLDCOM OPENS HOST UNIT IN SAINT-DENIS