Tag: criteria

Survey reveals first-time buyer fears

Survey reveals first-time buyer fears

A survey by the Halifax has revealed many first-time buyers fear they will not be able to get on the property ladder. The survey of 4,000 non-homeowners found two-thirds believe home ownership is unattainable. Stricter lending criteria, which has resulted in lenders demanding large deposits, is deterring many would-be homebuyers, according to the survey. Almost [...]

May 31, 2011 | 0 Comments More
Survey reveals mortgage availability set to improve

Survey reveals mortgage availability set to improve

There is some good news for the housing market after a Bank of England survey revealed mortgage availability is set to improve in the coming months. The survey comes as mortgage lending continues to remain subdued as first-time buyers, in particular, struggle to obtain a mortgage unless they have a substantial deposit. Since the credit [...]

April 2, 2011 | 0 Comments More
Banks’ debts could devastate mortgage lending

Banks’ debts could devastate mortgage lending

February 17, 2010 | 0 Comments More
FSB calls for banks to lend more next year

FSB calls for banks to lend more next year

The Federation of Small Businesses (FSB) is calling on banks to return to their “normal lending criteria” next year. The FSB, which represents 215,000 small firms across the UK, said Britain’s five million small businesses will be at the heart of the UK’s move out of recession, but need more help. FSB chairman John Wright [...]

December 30, 2009 | 0 Comments More
Pension Quality Mark launched

Pension Quality Mark launched

The Pension Quality Mark has been launched in a bid to help potential employees assess the quality of a work-place scheme on offer, as well as making them more attractive and understandable to employees. It also hoped the award will boost the take-up of pension savings - particularly among younger employees. The scheme is being [...]

September 21, 2009 | 0 Comments More
Abbey reassesses affordability as interest rates plummet

Abbey reassesses affordability as interest rates plummet

Abbey has changed its affordability calculations to take into account falling interest rates. The lender has informed mortgage brokers that from today, it will no longer use its standard variable rate (SRV), which is currently 5.44%, to assess affordability but a new figure of 7%. Abbey’s SVR stood at 7.09% in October, prior to November [...]

December 17, 2008 | 0 Comments More