Brokers learn to expect the unexpected

Hollingworth, David
May 2008
Mortgage Strategy;5/5/2008, p28
Trade Publication
The author comments on the activities in the mortgage market and the emergence of standard variable rate (SVR) in the financial services industry in Great Britain. He mentions the lender's SVR mortgage which is being closed to brokers and the withdrawal of some deals for introduced business by finance companies. He contends that the decision of Nationwide Mortgage Group Inc. to withdraw its products shows that the mortgage market is far from being on the road to recovery.


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