The loan owner before and during the credit crisis

The homeowner loan is a type of secured loan, the property must be protected against, and preferably their own owner-occupied housing can be property.You a loan to purchase a homeowner against a property that belongs to you, but is leased. But now, as before, it is complicated to obtain a loan, a homeowner in this way, and the margin by which an interest has involved loans lender owner, is less favorable if it is a house rent to buy is.

Mortgage had come loose enough to subscribe and accept the returns for both self-employed and employed applicants with little or no evidence to back up, and these loans were the owners until the certification LTV.Now car 90% of income is a thing of the past , and, as such, many self-employed people find it extremely difficult if not almost impossible to get a homeowner loan or any other type of financing.

Many homeowner loan brokers have also increased the wall with probably the UK's leading secured loan brokers, Loans.Co.UK as one of the first victims of the recession. You do not even know were taken by the acquisition of MBNA have been saved. Many of the smaller fry have suffered the same fate.

The lender loans owners who are still active, underwring less than 80% of the company wrote it before the recession was biting, and its criteria has tightened considerably. The maximum value of loans to independent candidates is 80%, and with lenders such as Nemo, the maximum LTV of 70% for employees and self applicant no longer accept this is a significant change in the past, when Nemo owner loans of up to 100% LTV granted for self-employed.