Sentence examples similar to 1 loaned from inspiring English sources

Open image in new window Fig. 1 Loan principal to appraisal value.

Squirreled away in the spending review documents are some changes that will reduce the student loan default rate from 45p in every £1 loaned out to just 30p.

The loans are more expensive to taxpayers than was predicted, with 45p of every £1 loaned out to students being written off.

The IFS also said their estimates suggest that for each £1 loaned out to students, the long-run cost to the government would be 43.3p.

That includes about 30,000 loans.

A £10,000 loan costs just above 4%.

But it issued just 14,000 loans, costing taxpayers £17,000 per loan, or £240m in total.

Remortgaging fell in April, with 24,700 loans worth £3bn compared to 34,100 loans worth £4.1bn in March.

That same month, 276,000 loans either entered or completed foreclosure.

Of the 15 loans made so far, none has defaulted.

To date, only 10 loans have been defaulted on.