Anyone who wants to buy a house today needs to come to the market with a huge deposit. A year ago, around 60 percent of mortgage products offered customers the opportunity to borrow 90 percent or more of the house price. Today, that figure is a litte over seven percent.
Tuesday, April 21, 2009
The end of the big LTV mortgage
Anyone who wants to buy a house today needs to come to the market with a huge deposit. A year ago, around 60 percent of mortgage products offered customers the opportunity to borrow 90 percent or more of the house price. Today, that figure is a litte over seven percent.
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Where will the BTLers go now?
ReplyDelete7% still 90+ LTV? Thank god for government owned banks....
ReplyDeleteWhat surprises me is the 62.7% figure. It says that the majority of the British mortgage industry was garbage.
ReplyDeleteA link is on the way.