Tag Archives: london reuters

Britain Revamps Mortgage Lending Rules

Mortgage lenders in Britain will soon have to verify the incomes of all people taking out mortgages according to new regulations suggested this week. I don’t get it. Why would lenders need to be regulated in this way? Lenders have … Continue reading

Posted in Britain, Liar Loans, Regulation | Tagged , , , , , | Comments Off on Britain Revamps Mortgage Lending Rules

Subprime Crisis Hits First-Time Buyers In UK

LONDON (Reuters) – Tougher lending terms have forced first-time home buyers to put down average deposits of 13 percent in April, the highest level in more than three years, the Council of Mortgage Lenders said on Thursday. The CML said … Continue reading

Posted in Britain | Tagged , , , , , | Comments Off on Subprime Crisis Hits First-Time Buyers In UK

Bleak UK Mortgage Market

LONDON (Reuters) – Bradford & Bingley <BB.L> issued a stark warning on the state of the UK mortgage market on Monday and slashed the price of its emergency fundraising to secure a private equity lifeline, hitting bank shares across Europe. … Continue reading

Posted in Britain | Tagged , , , , , | Comments Off on Bleak UK Mortgage Market

UK Mortgage Approvals Near Record Low

From Reuters: LONDON (Reuters) – The number of mortgages approved for house purchase was the second weakest on record in April, a survey shows, suggesting no let-up in the property market downtrend. The British Bankers’ Association said approvals for home … Continue reading

Posted in Britain | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on UK Mortgage Approvals Near Record Low

UK Mortgage Delinquencies Rise

LONDON (Reuters) – Delinquencies on prime and non-conforming UK mortgages and on credit cards are rising as lending conditions tighten and the economy weakens, Standard & Poor’s said in reports on bonds backed by these assets. For non-conforming mortgages — … Continue reading

Posted in Britain | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on UK Mortgage Delinquencies Rise

Things Can Only Get Better For UK Borrowers

From the Times of London: Mortgage experts are hoping that First Direct’s re-entry into the market signals an easing in the mortgage market and better times ahead for borrowers. Now it charges 5.76 per cent, with a £499 booking fee … Continue reading

Posted in Britain | Tagged , , , , , , , , , , , , , , , , , , , , , | Comments Off on Things Can Only Get Better For UK Borrowers

Expect A UK Mortgage Rescue Plan Next Week

Reuters has an inside source and says to expect specifics next week. Britain’s mortgage crisis has ended economic growth and threatens jobs. Here’s more: LONDON (Reuters) – British authorities are working on a plan to break a lending squeeze gripping … Continue reading

Posted in Britain | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Expect A UK Mortgage Rescue Plan Next Week

UK Interest Rates For Risky Mortgages At Highest Rate In 8 Yrs

A lot of lenders are fleeing the home mortgage market. There’s a credit crunch. Even those with good credit are having a hard time getting loans. Mortgage credit still easiest to come by in the US. LONDON (Reuters) – The … Continue reading

Posted in Britain | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on UK Interest Rates For Risky Mortgages At Highest Rate In 8 Yrs

Private Equity Firms Gambling

Banks are more reluctant to lend money these days. Duh. What to do? Take a chance. LONDON (Reuters) – Buyout firms may need to take higher risks by stumping up more equity on bids and gambling on being able to … Continue reading

Posted in Stocks | Tagged , , , , , , , , , , , , , , , , | Comments Off on Private Equity Firms Gambling