- So, if you fail to make your mortgage payments, the lender can sell the house in order to get their money back.
- Basic laws of market economics require that lenders make their own estimates of risk.
- You can either go direct to a lender or try a mortgage broker who will scour the market for you.
- Ask the lender or broker to show you exactly how much the interest repayments will be in years one to five.
- The decision to refuse credit will be made by the lenders, based on their own criteria.
- An indemnity bond is a type of insurance that protects the lender from negative equity.
- The company carries out administration work for the main national mortgage lenders.
- Mortgage lenders have offered ever more competitive deals in a fierce fight for business.
- Short term fixed rate mortgages were often sold at or just above the lender's own borrowing cost.
- Others admit they are afraid to take on private landlords or commercial mortgage lenders.
- A downturn in a lender's home market does not result in a drop in lending elsewhere.
- But before you do that, take a look at what these mortgage lenders are offering now.
- You may be refused if the lender decides that you have too much outstanding credit.
- As a lender, a bank will have the usual right to bring a personal action against the debtor on his promise to repay.
- The interest rate that the borrower is charged for the loan is the rate the last lender to supply money has agreed to lend at.
- Many of the High Street lenders offer guarantor mortgages on a right to buy.
- The client could run out of money and the lender could be left with a partially completed house.
- Banks and other lenders push payment insurance because it boosts their profits.
- This marks me out as the sort of customer that won't make lenders much money.
- He was worrying for days while the money lenders came to the house to demand payment.
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