TITLE

FSA turns down three out of five lenders

AUTHOR(S)
Jones, Lee
PUB. DATE
June 2009
SOURCE
Money Marketing;6/18/2009, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the claims of the Financial Services Authority (FSA) that only two out of five mortgage lenders who applied for permission to lend have been successful in Great Britain. It states that FSA only gave permissions to lend to two bridging loan firms, Wey Bridging and SML Homes. According to the article, two of the other three firms withdrew their applications before the FSA has made the decision.
ACCESSION #
43089684

 

Related Articles

  • Finding Hurdles to Growth, Lenders Take New Tacks.  // National Mortgage News;6/13/2011, Vol. 35 Issue 37, p11 

    The article reports on the tactics taken by lenders in finding the hurdles to the prediction of explosive growth for the reverse mortgage product in the U.S.

  • Mortgage lending up 8% in July. Brennan, Henry // Mortgage Strategy (Online Edition);8/20/2012, p4 

    The article presents information on data from the Council of Mortgage Lenders which showed an increase in gross mortgage lending in Great Britain in July 2012.

  • NewBuy rates rise barely two months after their launch.  // Mortgage Strategy;5/7/2012, p09 

    The article reports on the move of lenders to increase rates on their NewBuy Guarantee products, less than two months after launching them.

  • FLS is no lump of coal.  // Mortgage Strategy;12/17/2012, p3 

    The article discusses the positive signs the Council of Mortgage Lenders are seeing as a result of the Funding for Lending Scheme which the British government has set up in summer of 2012.

  • Santander sees 32% year-on-year fall in gross lending. Thomas, Paul // Mortgage Strategy (Online Edition);10/25/2012, p1 

    The article reports on the 32 percent decline in Santander's lending to mortgage borrowers to 11.5 billion British pounds in the first nine months of 2012 from 16.8 billion British pounds in 2011, with its lender's share in Great Britain's mortgage market also falling to 10.8 percent from 16.3...

  • AMI says lending will not hit target.  // Mortgage Strategy;7/25/2011, p5 

    The article reports on the forecast of the Association of Mortgage Intermediaries (AMI) that the mortgage lending will not meet the Council of Mortgage Lenders' 140 billion pounds for 2011 in Great Britain.

  • Gross mortgage lending static at £16.6bn in August. Thickett, Robert // Mortgage Strategy (Online Edition);9/19/2013, p5 

    The article reports that the gross mortgage lending of the British Council of Mortgage Lenders was static in August 2013.

  • Fears EU lenders will flout MMR. Thomas, Paul // Money Marketing;3/24/2011, p16 

    The article reports on the caution of the Association of Mortgage Intermediaries that European lenders may pass into Great Britain under the responsible lending and borrowing directive of the European Union and the mortgage market review (MMR) of the Financial Services Authority (FSA).

  • Cash is not an issue for online launch. Hall, Robyn // Mortgage Strategy;3/23/2009, p6 

    The article reports on the speculation regarding the plan of two serial entrepreneurs to launch an online mortgage lender in London, England. The said lender will provide short-term and high-volume loans to the consumers. Other sources claim that the lender will focus on bridging finance or...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics