![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/tny_au_en_usoz_2.gif)
UK Mortgage Seekers Urged to Act Fast
It appears the Mortgage situation in the United States is beginning to be echoed by the mortgage situation in the United Kingdom as lenders mortgage experts are urging mortage seekers to act quickly because there are many changes on the horizon facing both homeowners and lenders alike. All around the world, mortgage providers are now becoming more careful to spread their inventory over a variety of mortgage products and competitive deals (theones that benefit consumers the most) are being pulled at short notice.
David Hollingworth, of London and Country Mortgages, said: “They are being much more careful about who they are lending to and how much business they take.”
Cheltenham & Gloucester will tell homebuyers today that they must put down a minimum deposit of 10% if they want one of it’s mortgages, as the clampdown on indiscriminate lending gathers pace. Meanwhile, Royal Bank of Scotland and NatWest are withdrawing from offering mortgages for more than 95% of a property’s value.
C&G - owned by Lloyds TSB - is one of the biggest mortgage providers to rein in its lending in response to the credit crunch. The change means that a typical first-time buyer in London will have to stump up almost £25,000 to obtain one of the company’s home loans.
RBS/NatWest has already pulled out of offering mortgages above 95% through brokers; after March 7 this will also apply to branch-based home loan applications.
UK borrowers and businesses are advised to to locate the best possible mortgage deals now and lock them in before they are hit hard by the by the credit crunch.
by Home Finance Issues
There is no doubt that lending in the UK has been affected by the USA situtation. the Northern Rock collapse has also made banks/ building societies aware that even the big can fall, if not planned correctly, so safety measures are in place.
Things like 100% mortgages are no longer available, even low start mortages are hard to get now.
We tend to do things line a rollercoaster ride in the UK. We know the markets will drop off, but we still go ahead at full steam, until we nearly risk the business.
by Mortgage Information
It has become near impossible to get a mortgage or any loan in the U.S., its absolutely ridiculous if you ask me, but I am not even a little surprised to hear that other countries such as the UK are experiencing the same hardships.
Unfortunately things will only get worse before they get better, which has been made apparent by the continued decline of various markets, either way I am hopeful and eagerly await the light at the end of the tunnel!
by Xocai UK
With the credit crunch upon us now is certainly the time to consider other more unorthadox business ventures, this type of business has been making a lot of money for people in the states for years and I now believ that the time is right for it to take off in the UK. The product is also very exciting - it\’s healthy chocolate, so all in all a very tempting business opportunity.
by xocai uk
What are the top three business opportunities available in the UK at the moment, with the credit crunch I do not want a big outlay or ongoing overheads but would like something a bit different