In its latest Credit Conditions Survey, the Bank of England reports that mortgage lenders expect the availability of home loans to increase during the second quarter of 2011. However, a negative outlook for house prices and, to a lesser extent, the economy in general is likely to rein in recovery of the market. The quarterly [...]
high loan to value
No “magic bullet” to normalise the mortgage market
The Council of Mortgage Lenders (CML) has responded to a discussion initiated by Housing Minister, Grant Shapps, over the large deposits needed by first-time buyers, by pointing out that lending constraints currently apply to all those who don’t hold a large amount of equity in their homes.
The CML explains that high loan-to-value (LTV) lending is [...]
