单词 | prospective borrower |
释义 | prospective borrower Essentially, lenders don't like any holiday lets, purpose-built or otherwise, preferring the safer assured shorthold tenancy agreements unless a prospective borrower has previous experience. Times, Sunday Times The practice of requesting an aval from a prospective borrower has become commonplace since the 2008 global financial crisis. Retrieved from Wikipedia CC BY-SA 3.0 Prospective borrowers are subject to rigorous credit-checking and the default rate has averaged just 0.2% in the three years since launch. Times, Sunday Times This introduced rigorous interviews, analysis of prospective borrowers' spending habits and stress-testing their ability to withstand interest rate rises. Times, Sunday Times Analysts said this because of prospective borrowers having to make multiple applications to secure a single loan. Times, Sunday Times |
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