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Leeds Building Society appoints new marketing communications manager - Banking Business Review
In his new role at the society, he will be formulating and driving forward the society's marketing and communication strategies in order to improve the customer service feedback of 92% satisfaction. Mr Bannister said: "I hope to bring new insights to ...

My Countdown meltdown: Carol Vorderman reveals the full toll of being ... - Daily Mail
For the first time, Carol Vorderman reveals the full extent of her turmoil as she was forced to leave her beloved quiz show. Five months ago, Carol Vorderman's life seemed to be falling apart. She woke up unable to move, fearing she might have had a ...

Anger over B&B rescue cost - yorkshirepost
ANGER is growing among the region's building societies over the terms of the Government's £18bn bail-out of Bradford & Bingley. The Yorkshire, Leeds and Skipton building societies have all hit out at the "disproportionate" costs that they must pay ...

House prices tumble 1980s-style - Belfast Telegraph
House prices are plunging at their fastest pace since the last recession as banks ration credit and nervous buyers stay away, Halifax reports. Britain's biggest mortgage lender revealed a 2.6 per cent fall in prices for November, the biggest drop ...

Nationwide hits savers by slashing Isa rates - Times Online
Nationwide, Britain's biggest building society, has announced that it is cutting the interest rates on its Isa account from 4.2 per cent to 2.6 per cent, reducing the annual return on a £10,000 deposit by £160. Older savers with a pass book have ...

Savings offers to disappear as banks impose rate cuts - Financial Times
Savings rates above 6 per cent are set to disappear as banks reduce offers in line with interest rate cuts. Ten banks and building societies – including Nationwide, Alliance & Leicester , Royal Bank of Scotland and NatWest – yesterday reduced ...

Struggling families given six-month reprieve as RBS delays ... - Times Online
Borrowers who fail to maintain mortgage repayments will be given a six-month breathing space under a plan due to be announced today by the Royal Bank of Scotland. The bank, which owns NatWest, is expected to promise not to repossess homes for six ...

Reprieve for families as RBS delays repossessions - Times Online
Borrowers who fail to maintain mortgage repayments will be given a six-month breathing space under a plan due to be announced today by the Royal Bank of Scotland. The bank, which owns NatWest, is expected to promise not to repossess homes for six ...

Deeds Sept 21st thru 30th 2008 - Cecil Whig
Bertha J. Sager, Trustee, to Barbara S. Dean, George Street, Chesapeake City, $0, September 29. Bertha J. Sager, Trustee, to Barbara S. Dean, 43 Basil Avenue, Chesapeake City, $0, September 29. Jan A. Banker to Jan A. Banker and Fay Walker, 721 Bell ...

Saturday profile: A deafening silence greeted Crosby report - Scotsman.com
CREDIT crunch fatigue must be setting in. If, at this time last year, a former top banker and leading regulator had proposed that the government should hand over £100 billion to banks in return for their mortgages, there would have been blood. t in ...

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Today's Mortgage Terms starting with L

  • Lender: The bank, mortgage company or mortgage broker providing the loan.
  • Loan Application: A statement of personal and financial information needed to apply for a loan.
  • Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
  • Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
  • Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
  • Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
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