Business Finance Junction – July 2014

Business Finance Junction – July 2014

The FPC (Financial Policy Committee) has proposed new rules for mortgage lenders which caps loan-to-income ratios and includes interest rate stress tests. Lenders will not be able to have more than 15% of new mortgages at loan-to-income above 4.5 times and it applies to all Help-to-Buy loans. Coming into force 1 October, the test ruling applies [...]

Money Stress Test….

Financial Institutions’  ‘Stress Test’ is unlike a test of stress for the majority of us. Credit Scoring, central to the lending process, can be a test of stress for us all. It can be stressful for Financial Institutions finding, altering and adapting credit scoring models and deciding whether to use people or computers. It can [...]