Wednesday, May 28, 2008
They've got to pay for all their cr@p TV adverts somehow!
Times: Abbey raises cost of fixed-rate mortgages again
Abbey raised the minimum deposit required for most borrowers from 5 per cent to 10 per cent of a property's value to reduce its exposure to the downturn in property prices. It also made it harder for homeowners to take out cheaper interest-only deals. Those who do not have at least 25 per cent equity will no longer be able to switch from capital repayment to interest only - a common way of reducing monthly outgoings for homeowners struggling with rising living costs.
Posted by rental john @ 12:21 PM (202 views) Add Comment
1 Comment
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