Banks tighten screw on risky bond clients
By Roy Cokayne
From Business Report
At least two of the country's major banks have tightened up on the access high-risk clients have to the flexible reserve funds in their mortgage bonds.
Check out your home loan requirements now. If the banks consider you risky, you may not have the right bond anymore. Consider debt consolidation or debt management, or if you are in good standing, equity release.