{"id":17732,"date":"2013-06-07T18:19:56","date_gmt":"2013-06-07T11:19:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/eu-mortgage-rules-will-create-confusion-industry-experts-warn\/"},"modified":"2016-06-26T04:26:28","modified_gmt":"2016-06-25T21:26:28","slug":"eu-mortgage-rules-will-create-confusion-industry-experts-warn","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eu-mortgage-rules-will-create-confusion-industry-experts-warn\/","title":{"rendered":"EU mortgage rules will create confusion, industry experts warn"},"content":{"rendered":"


\nRules to require mortgage lenders to display an additional historic interest rate figure is labelled ‘completely mad’Mortgage lenders may soon have to tell borrowers the maximum interest rate they have charged during the past two decades when they advertise their loans, in a move that industry figures have warned could cause “absolute confusion” among consumers.Proposals in an EU mortgage credit directive agreed in April and expected to be approved by the European parliament later this year require mortgage lenders to display an additional interest rate figure on all literature. Continue reading…
\n
\nSource : theguardian.com
\nRead more…EU mortgage rules will create confusion, industry experts warn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rules to require mortgage lenders to display an additional historic interest rate figure is labelled...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-17732","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4C0","jetpack-related-posts":[{"id":148198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rates-creep-up-as-brokers-warn-of-possible-further-pain\/","url_meta":{"origin":17732,"position":0},"title":"UK mortgage rates creep up as brokers warn of possible \u2018further pain\u2019","date":"November 18, 2024","format":false,"excerpt":"\r Concerns interest rates will stay higher for longer if official data on Wednesday shows inflation is back above 2% targetThe average cost of a new fixed-rate mortgage is continuing to creep up, data shows, as brokers warn that borrower could face \u201cfurther pain\u201d if the latest inflation data out\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lenders-put-up-interest-payments-before-banks-base-rate-hike\/","url_meta":{"origin":17732,"position":1},"title":"Mortgage lenders put up interest payments before Bank\u2019s base rate hike","date":"September 22, 2022","format":false,"excerpt":"\r Banks and building societies increased charges that could add thousands to some people\u2019s home loan costsBanks and building societies had already begun putting up mortgage interest payments before the Bank of England announced its latest base rate hike to 2.25% \u2013 piling more pressure on homebuyers and owners.For some,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139281,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lenders-expected-to-make-further-mortgage-rate-cuts-next-week\/","url_meta":{"origin":17732,"position":2},"title":"UK lenders expected to make further mortgage rate cuts next week","date":"September 22, 2023","format":false,"excerpt":"\r Mounting optimism that home-loan costs have peaked after Bank of England keeps interest rates on holdUK lenders are expected to launch another round of mortgage rate cuts next week amid optimism home-loan costs have peaked after the Bank of England\u2019s decision to keep interest rates on hold.So far Nationwide\u2026","rel":"","context":"In "Property 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News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-lenders-told-they-can-scrap-affordability-rules-for-buyers\/","url_meta":{"origin":17732,"position":4},"title":"UK mortgage lenders told they can scrap affordability rules for buyers","date":"June 20, 2022","format":false,"excerpt":"\r Bank of England feels other measures will play stronger role in guarding against household debtLenders will no longer have to check whether homeowners could afford mortgage payments at higher interest rates after the Bank of England ditched rules originally designed to avoid another 2007-style credit crunch.The rules, introduced in\u2026","rel":"","context":"In "Property 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