Thrifty Loans

Larger deposits required on most Nationwide mortgages

Yet another major mortgage lender has increased the amount of deposit required from borrowers in light of the global credit crunch, which has resulted in far tighter credit conditions. The nation’s second largest mortgage lender, Nationwide, has announced that borrowers will now have to put down at least a 10% deposit on all but two of [...]

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Arrangement fees on mortgages rocket

Over recent months the mortgage market has experienced huge levels of turmoil, with both lenders and consumers being affected. Lenders have found it more and more difficult and expensive to secure finance to fund their lending, and consumers have seen the cost of mortgages rocket despite three base rate cuts, as well as seeing tighter lending [...]

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Lehman may withdraw from UK mortgage and lending market

According to a recent report Lehman Brothers, the lending specialists, could be considering withdrawing from the UK market, as the global credit crunch continues to wreak havoc across both the UK and the United States. In a recent report it was claimed that the lending giant was considering suspending lending at its UK subsidiaries, Preferred Mortgages [...]

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Thousands of jobs could be lost in finance industry

According to a recent report many thousands of jobs in the finance industry could be lost as a result of the problems caused by the global credit crunch. It has been estimates by the CBI that at least ten thousand jobs within the financial services industry within the UK could go over the next three [...]

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