Friday, Jul 30, 2010
Rejoice! Thank God for the return of subprime mortgages. I didn't think I would get to buy till now!
Love Money: Best 90% mortgage deals on the market
Two years ago, the mortgage market was a different place from what it is today. Borrowers with a small deposit, or little equity in their homes, were stuck with super high mortgage rates. In fact, if you were after a 90% mortgage and a fixed rate deal, you could be hit with rates in excess of 7% at some of the UK’s largest lenders, including Abbey, Bradford & Bingley and Northern Rock.
Thankfully, since that time, things have started to look a little better. Hope is indeed on the horizon as Yorkshire Building Society has recently launched a range of new fixed-rate deals for borrowers who are after a 90% loan-to-value (LTV) mortgage.
Posted by crash n burn @ 05:25 PM (601 views) Add Comment
- 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
No comments have been submitted.
Be the first person to add your comment by completing the form below.