Chewing the fat, shooting the breeze, having a natter - call it what you like, talking to people is darn important and everyone should do it as often as they can (except in libraries). We talk to our members as much as possible, through our blog and discussion board and by getting people to email contactus@zopa.com if anything's on their mind.

Having an expensive water feature in your glass-fronted, white marble lobby may make you feel good in the morning, but chances are it doesn't help the people who actually use your company. That's why the Zopa head office is pretty low-key, and the closest thing we have to a water feature is a tap.

Dec 18 2007

Mortgage lenders target “better qualified people”

Mortgage lenders "are targeting better qualified people" and lower risk people, as a result of the credit crunch, according to FirstRungNow.com.

Helen Adams, director of the property website, said that products such as graduate mortgages and professional mortgages are "coming to the fore" due to current market conditions.

Ms Adams added that lenders "aren't necessarily put off" by highly qualified people "being credit averse or in debt" as they are confident they will be able to pay the debts off later.

"The lenders take a holistic view about earning versus debts and look at the whole picture, and they won’t lend unless they think that the risk is reasonable to them," she continued.

According to mortgage.co.uk, graduate mortgages normally involve zero deposit, low set up fees, good income multiples, flexible features and a 100 per cent loan.

The website also claims that a number of people use their parents or guardians as guarantors, securing a loan against their own assets until the borrower is earning enough to cover repayments on the whole loan.

© Adfero Ltd

This entry is filed under Mortgage lending.

« People should clear Christmas debts “as quickly as possible”

First time buyers facing deposit challenges »