Tuesday, Apr 29, 2008
So much for switching to interest only
guardian: Abbey clamps down on interest-only deals
Abbey today become the first major high street lender to clamp down on low-cost "interest-only" mortgages by reducing the maximum loan for such deals to as little as 50% of the property's value
Posted by mken @ 12:29 PM (358 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. doomwatch said...
So are they, in effect, saying there is a potential of a 50% drop in house prices ?
2. pelethar said...
If other lenders follow suit, this could be the biggest news yet.