Your English writing platform
Discover LudwigSuggestions(1)
Exact(10)
Granting mortgages from a call centre is far cheaper.
Local banks soon stopped granting mortgages and home-improvement loans for the area.
Having been too lax in granting mortgages before 2008, banks are now erring on the side of caution.
It's now at almost 30percentt, still shy of the 51 to 70percentthatat lenders require before granting mortgages for co-ops and condos.
New rules on mortgage lending come into force this month that will mean banks and building societies have to do thorough affordability checks before granting mortgages, and this is expected to have a small impact on borrowing.
It has begun consulting on ways to toughen the criteria used by lenders before granting mortgages but today Steve Morgan, the outspoken founder and largest shareholder of the housebuilding group Redrow, launched a blistering attack on "stifling" mortgage regulations and media "scaremongering" over the health of the housing market.
Similar(50)
There is still a great reluctance to grant mortgages to subprime borrowers.
With banks increasingly keen to grant mortgages, small-business owners have taken to borrowing against the value of their homes.
Fearful of just such a possibility, some banks have become reluctant to grant mortgages on properties leased for gas drilling.
The figures come despite a flurry of record-breaking low mortgage rates and signs that lenders are becoming increasingly willing to grant mortgages.
"There is a now a whole new class of potential renters — those who were incorrectly granted mortgages in the past," Mr. Abramson said.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com