Friday, 15 April 2011

Bank ends interest-only mortgages without documentary evidence

http://uk.finance.yahoo.com/news/Bank-ends-interest-mortgages-tele-4283406155.html;_ylt=Auak1TiIWGK.Z..b8Se8TSE1vrFG;_ylu=X3oDMTFkOTc1aXAwBHBvcwM1BHNlYwNuZXdzSHViQXJ0aWNsZUxpc3QEc2xrA2JhbmtlbmRzaW50ZQ--?x=0


It is the latest example of banks and building societies tightening their lending criteria amid growing fears that home owners will default on their loans due to high unemployment.

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