Wednesday, Oct 17, 2007
Desert of opportunity for sub prime
Firstrung: Mortgage product cull is far deeper than first thought
Overall, taking account of both prime and sub prime deals, the total number of buy-to-let and residential mortgage products available has fallen a staggering 40 per cent in just the last three months," said Harris. "While most of this change can be attributed to the sub prime market, seeing a 72 per cent reduction in the buy-to-let market and a 54 per cent cut in residential deals, the 16 per cent fall in prime residential products is worth noting.
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