In the News - Mortgage providers
Abbey removes from 100% mortgage market
UK home buyers will no longer be able take out 100% mortgages. Abbey was the last mortgage provider to offer full mortgages but has announced its removal from the market. House buyers will now need a deposit of at least 5%. This equates to approximately £10,000 on the average house price. There are fears that 95% mortgages are also under threat. Alliance & Leicester, Britannia and Cheltenham & Gloucester have already reduced their maximum mortgages to 90%.
(Sources: Guardian.co.uk Telegraph.co.uk Times Online)
Rate these businesses/organisations:
- Abbey (-2.21
) - Alliance & Leicester (-0.49
) - Britannia Building Society (-4.73)
- Cheltenham & Gloucester PLC (-0.07)
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08-Apr-2008 10:32:11
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