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Mortgage Lenders Archive
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Mortgage? It all depends on your score
The mortgage lender Kensington recently conducted a survey of brokers to establish where they felt problems arise when placing a large mortgage case. The results showed that the single biggest factor is lenders applying tighter credit scores to that type of borrower. So what is a credit score and what’s the impact? It stands to [...] -
Halifax to pay £500m to mortgage customers
Halifax, the UK’s largest mortgage lender, announced yesterday that it is putting aside a total of £500million to compensate customers affected by changes to its mortgage Standard Variable Rate (SVR). Before October 2008, Halifax’s SVR was capped at 2% above the Bank of England Base Rate, but it was then changed to 3% above Base [...] -
New lender enters the mainstream mortgage market
Precise Mortgages has confirmed that it has been granted approval by the Financial Services Authority (FSA) to start offering residential mortgages to UK borrowers. Precise already offers a range of Buy to Let mortgages, but will now be able to provide a range of deals to those seeking a mortgage on their own home. It [...]