Could environmental risk define future mortgage
lending?
'Lenders run their businesses based upon risk. Mortgage affordability defines how risky a borrower may be, with calculations based on many factors from income 
to credit history to demographics. But what about the risk on the asset itself? As we get smarter about these risks, will environmental risks that could damage
or destroy the bricks and mortar become more defining factors in the mortgage process?' Several areas of risk hat might affect future mortgage lending are considered in this interesting article: Flooding Subsidence and sink holes Contaminated land Air pollution See https://www.mortgagefinancegazette.com/f ...
Posted: 25/07/2018 By: Professor Paul Bardos



PRINT