More low deposit loans on market
www.moneynews.co.uk > Housing market > More low deposit loans on market
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Money News |
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More low deposit loans on market
Fri 29th Jan 2010
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There has been a 22 per cent increase in the number of mortgages which are available to people looking for a loan-to-value (LTV) of 85 per cent.
However, even better news for those looking to get on the property ladder could be that there has been an 11 per cent increase in the amount of 90 per cent LTV products.
Hannah-Mercedes Skenfield, mortgages channel manager at moneysupermarket.com, said that lenders appear to have started the year with more openness to lending money than has been seen for some time.
She added: "Although there are only nine products available at 95 per cent LTV, the average rate has fallen by 0.71 per cent since October."
The website has also voiced its approval of changes by the Financial Services Authority over how people with arrears are being charged by their lender.
Click here for more housing market news
Related News : Housing market |
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