Home > Legal Articles > Mortgage Lender’s Requirements

Topic: mortgage


  • EHL Conveyancing Team
    Mortgage Lender’s Requirements
    by

    Mortgage Lender’s Requirements According to the Council for Mortgage Lenders the average loan to value provided by a mortgage lender against a purchase in England during 2016 was 84%.  The average loan to income ratio for the same period was 3.61. Given their financial input for a given transaction mortgage lenders seek to limit their… Learn more

  • Rebecca Gunn - Residential Conveyancing
    Overall Reduction in Negative Equity in the UK
    by

    Following the upswing in the capital’s property prices, the number of UK residential properties in negative equity has fallen greatly. According to HML regional negative equity statistics show that there has been a fall from 826,800 mortgages in negative equity in 2011 to 463,415 in 2013. This evidently shows that UK’s performance has been remarkable… Learn more

  • Rebecca Gunn - Residential Conveyancing
    Buy-to-let boom
    by

    Since the financial crash back in 2008 and the recession in the UK the property market has fluctuated, where many did not believe growth would be possible. However for the first time in years the market is booming. Statistics show buy-to-let loans over a decade ago accounted to 4.3% and now account for 13% of… Learn more

  • Faye Williamson - Family Law
    Divorce and protection of the Matrimonial Home
    by

    One reason for acting quickly in a case of marriage breakdown is the risk posed to the matrimonial home by a sudden cessation of mortgage payments.  Even if a married couple have each been paying half of the mortgage, the sudden loss of one income with one party leaving can have a catastrophic effect on… Learn more

  • Faye Williamson - Family Law
    You have Bought Your House – How Much of it do You Own?
    by

    Many people (too many people in my view) pay for their  houses in different proportions.  One of them may have a divorce settlement or inheritance that came to them alone and use that as a deposit on the purchase of a property with a co-habitee. Equally they may have already bought a house and used… Learn more

  • Paul Stubbs - Litigation
    Interest-only mortgages may be ticking time-bomb
    by

    The Financial Conduct Authority has raised concern that around 260,000 home owners with interest only mortgages with a repayment due date before 2020 are not making any or any sufficient financial plan to repay the loan.   With around 6 years to go before such mortgage repayments have to be made, there is a call for… Learn more

  • Rebecca Gunn - Residential Conveyancing
    Will the EU make it harder to get a mortgage?
    by

      New rules from Europe which impose a “standard affordability assessment” will mean that borrowers across the European Union could find it more difficult to get a mortgage in the future. A new Mortgage Directive from the European Commission is designed to prevent a repeat of the reckless mortgage lending which in the past lead… Learn more

  • Douglas Wemyss - Commercial Property
    Why a Deed of Trust is crucial for young couples starting on the housing ladder
    by

    With the Government’s new initiatives on helping young couples start on the housing ladder, and the trend towards sharing the cost of mortgages with family or partners, it is becoming increasingly important to document what should happen if it all goes wrong.   Did one partner provide the deposit, if so should they get that… Learn more

  • Rebecca Gunn - Residential Conveyancing
    Hotline opened for homeowners who fear fraud
    by

    The Land Registry has opened a hotline for homeowners who fear that their property may be subject to a fraudulent sale or mortgage.  The hotline is the latest in a series of initiatives by the Land Registry to try and combat fraud within the property market.  When you buy property your solicitor applies to the… Learn more


Map and pin icon
Sign up to our newsletter