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Grime- skint wouldbe ftb

Number Of Mortgage Products Has Halved

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Desperate remortgagers are having the rugs pulled from under their feet.... its starting to get very ugy. All predicted on here years ago......

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Lenders are frantically withdrawing many of their mortgage offers – sometimes with less than an hour’s warning – as severe funding constraints mean that they are unable to meet demand for the most competitive deals.

Brokers had as little as 10 minutes’ notice on Thursday when Scottish Widows removed the bulk of its mortgage range.

In the past lenders would typically have given at least a few days’ notice before they withdrew rates. But some are now choosing to give little or no notice so as to avoid a last-minute stampede from borrowers desperate to secure the best deal.

Scottish Widows, which is part of Lloyds TSB, said it had withdrawn from the market for a few days because it was seeing “very high levels of applications”.

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"The market for borrowers without a deposit has practically dried up. Only two major lenders – Mortgage Works, a division of Nationwide, and Abbey – are now offering 100 per cent loan-to-value mortgages"

WHY are they doing this?

When they go I'm going to buy a magnum of Freixenet Cordon Negro.

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"The market for borrowers without a deposit has practically dried up. Only two major lenders – Mortgage Works, a division of Nationwide, and Abbey – are now offering 100 per cent loan-to-value mortgages"

WHY are they doing this?

When they go I'm going to buy a magnum of Freixenet Cordon Negro.

If your client has no deposit, a small deposit or wants to use their savings to furnish a new house, our range of 100% mortgages could help them on to the property ladder. With no higher lending charge on all products, and a choice of products with or without fees, we have a range of options to suit your clients’ needs. The big task now is for your client to find a property!

  • No Higher Lending Charge, even at 100%

  • Available for purchase only

  • Repayment basis only

  • Loans up to £250,000

  • Income multiples: 4+1 or 3.5 x joint

  • Minimum age: 21 of all applicants

  • Minimum salary: £25,000 of the first applicant

QUITE onerous- or should I say- SENSIBLE lending criteria! Hoo fracking RaY

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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