Monday, November 2, 2009

Great news for FTBs apparently

Lenders ease mortgage rationing

"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."

Posted by phdinbubbles @ 02:49 PM (758 views)
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One thought on “Great news for FTBs apparently

  • What the BBC won’t mention is the fact that the rates are high for those without deposits and will only go up when the touchpaper is lit under interest rates.

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