Monday, Feb 23, 2009
A couple of you can get a 100% mortgage
Money Hospital: Are 100% mortgages making a return?
100% mortgages used to be things you could get quite easily…
…but then as the credit crunch hit, many mortgage lenders wanted to reduce their risk, and so 100% mortgages died a death.
Now, Coventry Building Society has thrown a lifeline to those of you in negative equity after becoming the first mortgage lender to offer remortgage deals worth 100% of a property’s value.
Posted by theemperorhasnoclothes @ 09:49 AM (233 views) Add Comment
1 Comment
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1. jonb said...
They are offering these to existing borrowers at 4.99% as an alternative to them going on Standard Variable Rate at 4.74%.