Is it the end of the 100% + Mortgage?
Friday, February 22nd, 2008Recently many lenders have withdrawn from the 100% lending market. These lenders include Northern Rock (no surprise), Alliance and Leicester, BM Solutions, Coventry and Mortgage Express amongst others. Is this due to fears of property price slumps or due to the adverse lending market becoming more restricted? 100% lending is a huge market, especially for first time buyers who will now need 5 to 10% deposit for most lenders.
