(AFX UK Focus) 2008-07-29 06:37 No quick fix for UK home loans crisis - Crosby report (Interactive Investor)
(AFX UK Focus) 2008-07-29 06:37 No quick fix for UK home loans crisis - Crosby report (Interactive Investor)
LONDON (Thomson Financial) - There is no quick fix for the United Kingdom’s mortgage crisis and the long-term funding of mortgages should be left to the market, a report to Chancellor of the Exchequer Alistair Darling will conclude on Tuesday, the Financial Times reported.
The main features of a current account mortgage
More people are turning to flexible mortgage products. Flexible mortgages account for up one fifth of the mortgage market in the UK and is expected to continue to grow in the future. Most current account mortgages will require you to pay your salary into the account and this is why they must be repaid before you retire. However, current account mortgages have a number of flexible features which mean you should have cleared the debt well before the end of the term. One of the added benefits of
‘No Quick Fix For Mortgage Market’ (SkyNews via Yahoo! UK & Ireland News)
There is no quick fix for the UK’s stricken mortgage market and problems obtaining home loans will continue for some time, a study for the Treasury has said.