Search results
Results from the WOW.Com Content Network
The UK mortgage market is one of the most innovative and competitive in the world. [citation needed] Most borrowing is funded by either mutual organisations ( building societies and credit unions) or proprietary lenders (typically banks ). For a number of years the market operated with minimal state intervention, although this changed at least ...
Buy-to-let is a British phrase referring to the purchase of a property specifically to let out, that is to rent it out. A buy-to-let mortgage is a mortgage loan specifically designed for this purpose. Buy-to-let properties are usually residential but the term also encompasses student property investments and hotel room investments.
The interest-only adjustable-rate mortgage (ARM) allowed the homeowner to pay only the interest (not principal) of the mortgage during an initial "teaser" period. Even looser was the "payment option" loan, in which the homeowner has the option to make monthly payments that do not even cover the interest for the first two- or three-year initial ...
An interest-only mortgage is a home loan that allows borrowers to make interest-only payments for a set amount of time, typically between seven and 10 years, at the start of a 30-year term. After ...
The government interventions during the subprime mortgage crisis were a response to the 2007–2009 subprime mortgage crisis and resulted in a variety of government bailouts that were implemented to stabilize the financial system during late 2007 and early 2008. Governments intervened in the United States and United Kingdom and several other ...
An interest-only mortgage can sound appealing to a potential homebuyer because it is a mortgage loan that requires that you pay only interest — no principal — for the first several years ...
A mortgage loan or simply mortgage (/ ˈmɔːrɡɪdʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.
CGS: Credit Guarantee Scheme - a scheme introduced in 2008 allowing banks to issue debt guaranteed by the government. The scheme closed in October 2012. SLS: Special Liquidity Scheme - designed to allow easier access to market liquidity by using UK Treasury securities as collateral. The scheme closed in January 2012.