Monday, February 23, 2009

A couple of you can get a 100% mortgage

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 (660 views)
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One thought on “A couple of you can get a 100% mortgage

  • They are offering these to existing borrowers at 4.99% as an alternative to them going on Standard Variable Rate at 4.74%.

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