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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 MatchesLender of last resortLender of last resortTraditionally the Federal Reserve Bank in the US, which assists banks that face large withdrawals of funds and in so doing stabilizes the banking system. Lenders legal feesLenders legal feesFees incurred by the lender when arranging a mortgage passed on to the buyer. High street lendersHigh street lendersProviders of mortgage products who can be broadly split into two groups - the building societies and the banks. Banks are profit-making businesses that return a portion of their profits to shareholders in the way of dividends. Building societies on the other hand, are mutually owned organisations, which exist not for profit but for the benefit of the members. They claim that this allows them to return profits to their customers in the form of cheaper products. Council of Mortgage LendersCouncil of Mortgage LendersAn institution that sets out code a code of good practice which mortgage lenders volunteer to stick to - they are not regulated by the government. Lender of Last ResortLender of Last ResortAn institution that has the capacity and willingness to make loans when no one else can. Within a country, the central bank may play that role, since it can create money. Some have argued that the IMF or other institution should play that role internationally, to avert financial crises. Further SuggestionsInstitutional LendersLenders fees Direct lenders Lenders arrangement fees lender of last resort Lender liability lawsuits |
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