Monday, Nov 02, 2009
Great news for FTBs apparently
BBC: Lenders ease mortgage rationing
"Lenders have been making it slightly easier for borrowers to take out a mortgage, according to the financial information service Moneyfacts. The number of mortgages requiring a minimum 15% deposit has risen from 189 in the past month to 226, the highest number for more than a year. At the same time the number of mortgages requiring a 20% down-payment has fallen, from 136 to 117.
However 66% of mortgages still need at least a 25% deposit."
Posted by phdinbubbles @ 02:49 PM (417 views) Add Comment
1 Comment
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1. paul said...
What the BBC won't mention is the fact that the rates are high for those without deposits and will only go up when the touchpaper is lit under interest rates.