Monday, November 2, 2009
Great news for FTBs apparently
"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."