Couples 'struggling to save for mortgage deposit'
www.moneynews.co.uk > Mortgages > Couples 'struggling to save for mortgage deposit'
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Couples 'struggling to save for mortgage deposit'
Fri 16th Apr 2010
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Andrew Hagger, spokesman for Moneynet.co.uk, pointed out that a few years ago it was not at all uncommon for borrowers to be offered 100 per cent loan-to-value (LTV) deals.
He said: "These days it's very difficult to get 90 per cent so you have got to put together ten per cent of the properties value."
The specialist noted that it can put something of a financial strain on couples that do try to save up for a mortgage deposit with a partner while living apart, but if two people are saving at the same it is still likely to be quicker than one person.
His comments were made in response to research published by Santander Mortgages, which showed that 23 per cent of couples in long-term relationships or who are engaged live in separate properties.
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