Tag Archives: michael coogan

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

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Britain’s Mortgage Rules Changing

From the BBC: Mortgage lenders are to change the way newly-built properties are valued to prevent possible mortgage fraud. The Council of Mortgage Lenders (CML) says new rules will help stop mortgages being granted that were worth more than the … Continue reading

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Lending Increases In UK

Despite tales of lenders refusing mortgage applications, figures released today (Thursday, May 22nd) showed that mortgage lending has risen slightly. According to the Council of Mortgage Lenders (CML), gross mortgage lending in April was up five per cent from March … Continue reading

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UK Mortgage Lending Crunch

From Reuters: "The credit crunch has resulted in a gap in the availability of mortgage credit relative to demand. Lenders have changed their product ranges, tightened lending criteria and reviewed their pricing in order to maintain their individual ability to … Continue reading

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UK Mortgage Problems

The credit mess is not as bad in Europe. But the continent has not escaped completely. The BBC reports: Action is needed from the Bank of England otherwise the mortgage market will face "ongoing problems", says the Council of Mortgage … Continue reading

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