June 15 – Why has the remortgage market not taken off?
With mortgage rates at lifetime lows, which in my case is a lot of years, it is absurd that remo volumes remain firmly rooted at low levels. What is it that is preventing more borrowers from moving to lower rates? [...]
June 15 – What should an ERC be?
When AMI first reviewed the European Mortgage Directive text, we felt that the sense of the text meant significant change for UK lenders. We were surprised when the FCA indicated that they were not intending to change their rules. AMI [...]
3 years ago / Comments Off on June 15 – What should an ERC be?
June 15 – The proposal for seconds
One of the biggest decisions all mortgage firms will have to make to implement the provisions of the Mortgage Credit Directive is whether to include second charge loans in their scope of service. For many years, the vast majority of [...]
3 years ago / Comments Off on June 15 – The proposal for seconds