Bank of Ireland UK reduces back book as lending remains flat
With LTV figures like those it is no wonder the Bank of Ireland wishes to reduce its back book, and it is now easier to understand this aspect of the thinking behind the massive SVR hikes – i.e. drive people away.
But with 1 in 6 mortgages over 100% LTV and almost a third over 90%, plus 68% on interest-only, driving borrowers away with higher interest rates won’t have as great an effect as might have been hoped.
Andy Wilson, Andy Wilson Financial Services Ltd
04 Mar 2013 | 13:01
13,500 resi and BTL customers hit by Bank of Ireland rate increase
How low can banks go. How can anyone trust their mortgage anymore if acts like this can occur? Is it true this just applies to mortgages up to 2004? Anyone got a letter for their mortgage after this date?
Nige
05 Mar 2013 | 12:14
Leeds BS ‘working overtime’ to battle service delays
Maybe if they didn’t ask such ridiculous questions, or picked up the phone from time to time they might not be in such a mess.
Their processes leave a lot to be desired and if they are in a severe backlog then they only have themselves to blame.
David
06 Mar 2013 | 11:15
Is buy-to-let killing first-time buyer lending?
Martin is correct, in my view, that lenders are responding to a growth in tenant demand by offering more BTL lending.
I believe the proportion of FTB remains constant but the market as a whole remains depressed. BTL is not therefore suppressing home ownership.
Government policy must address a number of issues in a joined up fashion rather than simply focusing on lenders needing to lend more. What about lack of applicant confidence, what about lack of new build housing…
Charles Haresnape
06 Mar 2013 | 15:31
Equity Release Council hits 250 members
The strength inherent in the increasing membership tally is pleasing of course, but what we really want now, is for our subscription fees to translate into growth. Without this, the membership numbers will slip back as folk question the bang they are receiving for their buck.
Simon Chalk
07 Mar 2013 | 17:20
Thank you for your comments this week.
