Thursday, Feb 28, 2008
S&P - "Borrowers face an increase in mortgage payments"
Mortgagestrategy: Still no end in sight to credit meltdown
Ratings agency Standards & Poors warns there's still no end in sight to the UK's credit meltdown and that it expects life to get harder for sub-prime borrowers in 2008. With falling house prices and a widening disclocation between LIBOR and the Bank base rate, it says UK borrowers are currently in a much tougher credit environment.
Posted by jack c @ 06:44 PM (226 views) Add Comment
1 Comment
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1. jack c said...
From midnight tonight Lloyds TSB has withdrawn ALL lending above 90% LTV.