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Interest Only Archive
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What the papers say – 24th – 25th March 2012
The Financial Times and Independent on Sunday reported this weekend on further restrictions to lending criteria. Nationwide and Coventry Building Societies have become the latest lenders to restrict interest-only borrowing to 50% of the property value, and experts suggested that it will be increasingly hard for other mortgage providers to keep their current policies. Borrowers [...] -
Interested in Interest Only?
Anyone showing even a small interest in the mortgage market will have read about how things have tightened up in the last few years, making it harder to get a mortgage. One area that continues to see lenders getting tougher on borrowers is that of interest only mortgages. Lenders across the market have already tightened [...] -
What the papers say – 18th and 19th February 2012
The Lloyds Banking Group became the latest set of lenders to introduce tougher criteria last week, when it announced that it would no longer accept cash savings, including ISA’s, as a suitable repayment vehicle, and would also further restrict the use of stocks and shares. The Guardian, Telegraph and Sunday Times all reported on these [...]
