Recently released figures have shown that every month thousand of mortgage applications in the UK are being turned down by lenders. (more…)
Posts Tagged ‘lenders’
Thousands of mortgages a month being turned down by banks
Thursday, July 9th, 2009
Lenders needs to be more careful on checking applicant information
Monday, May 26th, 2008A recent report has shown that a worrying number of lenders are failing to carry out important checks into the income of applicants that apply for unsecured finance, and there are concerns that this could lead to many people getting into unmanageable debt levels and could result in an increase in bad debt levels in the UK. (more…)
Sale and rent back scheme still being branded a rip off
Sunday, March 2nd, 2008A fresh attack has recently been launched against some sale and rent back scheme firms by the homeless charity Shelter, with officials claiming that many of these forms fail to live up to their promises and rip off consumers in terms of what they pay for the property. These schemes have become increasingly popular with struggling homeowners who want to stay in their property but cannot afford the mortgage repayments and do not want to risk having the property repossessed and getting thrown out. (more…)