MMR "cools market"

Oct. 1, 2014
The Mortgage Market Review, introduced in April to tighten up lending criteria, is having a significant effect on the time taken for buyers to get a home loan, according to lenders interviewed by Housebuilder.“The MMR is having a big impact,” said Peter Wade, chairman on the Business Lending Group. “It now takes buyers longer to get a mortgage when housebuilders …

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