Regulatory Issues 20212

Regulatory Predictions for 2021

For much of 2020 the focus for lending regulators has been the coronavirus pandemic and assisting borrowers through the crisis. As we move into the new year that focus is set to continue however there is likely to be the chance for new developments that have been put on hold thanks to the restrictions. The…

lenders quadrin

Lenders’ Reluctance Over 90% Mortgages Grows

Mortgages with a 90% loan-to-value (LTV) are likely to remain scarce whilst employment figures and the economy remain fragile, expert lenders have warned.  With a second lockdown announced for England, an unemployment spike is expected, making lenders wary of committing to anything high-risk.  At a recent video conference organised by St James Place, various experts…

mortgage lending

New Mortgage Lending Hits £530million

The Co-Operative Bank has revealed that new mortgage lending has reached £530 million during the third quarter of 2020.  The bank also announced that net residential lending had hit £242 million whilst net SME lending was at £225 million and Bounce Back loans and the Coronavirus Business Interruption Loan Scheme (CBILS) were reported to have…