Mortgage lending fell by 10% in November as the market experienced its traditional seasonal slowdown, the latest figures have shown.
A total of £12 billion was advanced during the month, down from £13.3 billion in October and 14% less than in November last year, according to the Council of Mortgage Lenders (CML).
The group said a modest [...]
Posts Tagged ‘Council of Mortgage Lenders’
Seasonal Slowdown Sees Mortgage Lending Fall
December 18th, 2009 by Mortgage Writer
Tags: Council of Mortgage Lenders, mortgage, mortgage lending, mortgage rates
more...Debt will cost us
November 23rd, 2009 by Mortgage Writer
Canadian writer Margaret Atwood is the author of more than 35 books of poetry, fiction and nonfiction. Her novels include “The Handmaid’s Tale” and “The Blind Assassin,” which won the Booker Prize in 2000. Atwood says her 2008 book, “Payback: Debt and the Shadow Side of Wealth” is “not a practical guide about how to [...]
Tags: bankrupt, borrowers, Council of Mortgage Lenders, debt credit, debt will cost us, financial institutions, financial world, massive financial, mortgages, subprime mortgages
The credit crunch has had a huge impact on the cost and availability of mortgages
November 10th, 2009 by Mortgage Writer
News of the mortgage squeeze means that homeowners can’t get away from talk of Libor or loan-to-value ratios.
But what does all this jargon mean?
Here is a quick guide to some of the more common phrases thrown around by analysts in recent weeks that might have mystified householders:
SVR
The SVR - or standard variable rate - is [...]
Tags: bank rate, Council of Mortgage Lenders, home loans, jargo, lenders, mortgage, mortgage deals, mortgage lending, subprime mortgages
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