Monday, January 5, 2009
20%, 30%, 40% deposit……..
Mortgage lenders are continuing to demand larger deposits as they ration home loans to their customers. In the past month the proportion of new mortgage deals requiring at least a 25% deposit has risen, from 54% to 60%. And 25% of all deals on offer in fact require a 40% deposit, according to the information service Moneyfacts.