market watch

Cornell, Jonathan
August 2009
Mortgage Strategy;8/10/2009, p12
Trade Publication
The article reports on the author's analysis on the mortgage market in 2009 in Great Britain. The author believes that if interest rate swaps continue to increase, lending will not take too long to increase rates. He mentions lender Tiuta PLC which increases its loan-to-value (LTV) to 75% for loans that are based on open market valuation. He also cites Nationwide Building Society which decreases some of its fixed and tracker rates and emergence of the change in non-refundable booking fee.


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