The article deals with the decision of the Co-operative Bank not to offer interest-only mortgages through its intermediary lender platform, but will still offer it for buy-to-let properties.SnorkinsMikeEBSCO_bspMortgage Strategy
Cash buyers are losing their grip on New York City real estate as mortgage rates drop. Sales volume is picking up, and mortgage buyers are on the rise.
The bank has also revealed a redress bill of 411 million pounds including 114 million pounds for mortgage failings and 33 million pounds for missold interest rate swaps, and also announced its plans to raise an additional 400 million pounds....
If a buyer's income is too low, that buyer may be rejected. The rule of thumb is that co-op boards generally want a buyer to be able to devote 25 percent of one's earnings to the payment of mortgage and maintenance. If those payments for one or more properties exceed more than 25...
Buying a co-op apartment is an exciting time. You’ve found a beautiful co-op in your dream neighborhood of New York City. You may think a mortgage broker approving your loan is the last hurdle, but there’s one potentially more challenging hurdle you need to surpass the co-op board in...
Nosedive at Co-Op Bank as Credit Crisis Bites; Window Closed: Co-Op's Announcement Came after It Withdrew Best Mortgage Deals 来自 questia.com 喜欢 0 阅读量: 1 收藏 报错 分享 全部来源 求助全文 questia.com 相似文献Journey into Mohawk Country (review) In lieu of an , here is a brief ...
there needs to be enough cash flow to manage those expenses, which include utilities, salaries for employees, real estate taxes, management fees, and – in the case of a co-op – an underlying mortgage or loan, explains Stuart Halper, an attorney and the president of Stuart Halper & Asso...
Typically, the bylaws and proprietary lease will let residents and board members know when annual shareholder meetings and elections to the board of directors are held, and how notice is given; the rules governing sponsors and how many seats they may be allotted on the board of directors; when...
Considering buying a co-op as a good way to grow your portfolio? If you’re looking to rent the unit to tenants, a condo might be a better investment. Unlike a condo where you own property, when you buy a co-op you own a share in the corporation that own
Let’s start with a brief examination of the difference between a co-op and a condo. When you buy acondominium, your apartment, as well as a percentage of the common areas, belongs to you. When you buy a co-op, you don’t actually buy your apartment; instead, you are buying shares...