The Bank of England used to keep a data series tracking the interest rate on two year 95 percent LTV mortgages. After May last year, the data is blank. Presumably, banks simply stopped offering them. They were getting rather pricey before they died. The last data point was 6.9 percent.
Another victim of the credit crunch
ReplyDeleteCan one still get a 95% mortgage?
ReplyDeletewould be interesting to compare interest rates of a 90%, 75% and 60% LTV mortgage in the same graph to see how the spreads between them have widened in 2008
ReplyDelete