CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow CML Comment: Experian on mortgage struggles for expats
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
CML Comment: Experian on mortgage struggles for expats PDF Print E-mail
Thursday, 20 August 2015

James Jones, head of consumer affairs at Experian, said: “The latest statistics from Council of Mortgage Lenders (CML) are really encouraging for those in the UK looking to either get onto the property ladder or move to a more suitable property. However, it would seem that those Brits opting to invest abroad may not benefit in the same way if tougher European lending rules come into play later this year. 

“After a lifetime of working hard and responsibly saving, many retirees will be setting their sights on their dream home in Europe. But, unfortunately, for many it could remain just a dream, due to proposed lending changes set to be introduced next March as part of the European Credit Directive, which could make it much more difficult for expats to access foreign currency loans.
 
“In our recent research we found that three quarters (78%) of those over 65 do not understand the new European lending requirements. With added confusion to what is already quite a lengthy process, retirees need to be more prepared than ever when applying for a mortgage abroad. 
 
“Personal financial planning is key for anyone taking out a mortgage, but especially those purchasing property abroad. Retired expats should take the time to understand how the new rules will affect them and follow the same rigorous preparation as they would do for a UK mortgage.”

(Source - Experian Comment)
 

 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197