UK mortgage lenders still face challenges because of economic uncertainty and tougher capital requirements that will continue to weigh on more vulnerable companies, while the stronger players will be able to take advantage by making further acquisitions, Moody’s Investor Service said Wednesday. Higher funding costs driven by the gradual withdrawal of government aid and intense competition for deposits is a key pressure which will make it difficult for many lenders to make profit at a time when growth in the lending market is flat, and when they need more capital to meet regulatory requirements, said Moody’s.
Moody’s says UK mortgage lenders still face hurdles, some risk
Most Popular Articles
Latest Articles
A&D Mortgage names new servicing manager
Satish Vishwakarma joins the company after 12 years at Ocwen Financial
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products
-
Realty One Group joins growing list of firms to settle commission lawsuits
-
Figure names Michael Tannenbaum as CEO
-
American Financial Resources announces two executive hires