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Lender |
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LenderA person or company that offers to lend money to a borrower for a given period of time. The borrower is obliged to repay the loan either by instalments or single payment together with specified interest.LenderBusinesses that provide loans to others.Lender Similar MatchesDirect lendersDirect lendersProvide financial services over the telephone and through the internet. Lower overheads resulting from a lack of high street premises and centrally streamlined processes mean that the overall costs are much lower and part of this saving is used to deliver cheaper products. Add to this the convenience of arranging a mortgage outside working hours from your own home, and it is easy to see why these new operations are finding favour. Institutional LendersInstitutional LendersBanks, savings and loan associations and other businesses which make loans to the public in the ordinary course of business, rather than individuals, or companies which may make loans to employees. Lender of last resortLender of last resortA prime function of a country's central bank. In the USA the lender of last resort is the Federal Reserve Bank. In the UK the Bank of England provides this role. Lenders feesLenders feesAdministration costs incurred by a lender to secure a loan, paid by the applicant. Lender liability lawsuitsLender liability lawsuitsLegal action of debtor against creditors that alleges unfair enforcement of loan covenants or violation of implied terms of a loan agreement. Further SuggestionsLender of last resortHigh street lenders Council of Mortgage Lenders Lender of Last Resort Lenders arrangement fees Lenders legal fees |
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