Archive for March 8th, 2009
Obtaining Mortgage Bond Finance Continued
Sunday, March 8th, 2009Banks
Given the high degree of competition that exists in the banking sector, the recent entry of Barclays National Bank into the home mortgage bond field probably heralds similar moves by other banks. It also appears to mean a great improvement in bond availability, with money being available when the building societies have little to lend. [...]
Obtaining Mortgage Bond Finance
Sunday, March 8th, 2009Building societies
The building society movement is the financial backbone of the private residential property market, for it is these institutions which have the financial means to provide home loans in the form of mortgage bonds.
The movement originated with so-called ‘terminating’ societies towards the end of the 18th century, when individuals with money to save pooled [...]
Alternative Finance, Terminating building societies
Sunday, March 8th, 2009The terminating societies are intended to advance loans free of interest, or at the least possible cost, to enable members to purchase or build homes of their own, or to redeem balances on existing bonds. Like their permanent counterparts, they are registered under the Building Societies Act. Details of these societies are obtainable from your [...]
