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Anger as hols families face XL nightmare - Halifax TodayCALDERDALE travel agents and holidaymakers are counting the cost of the XL holiday group's collapse. Peter Forsdike, of Whitesands Travel, Mytholmroyd, said he had nine people booked to go to Sharm-el-Sheik. "It's been a bit of a nightmare to say the ...
HBOS: The questions just keep piling up - ScotsmanSERIOUS doubts about Lloyds TSB's takeover of HBOS emerged last night after a leading City figure suggested there had been an abuse of the market rules as talks were being held. Keith Skeoch, the chief executive of Standard Life Investments, said ...

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Today's Mortgage Terms starting with L
Lender: The bank, mortgage company or mortgage broker providing the loan.
Loan Application: A statement of personal and financial information needed to apply for a loan.
Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
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