BBC: 95% LTV mortgage options fall
BBC: 95% LTV mortgage options fall The number of mortgages available to buyers with a 5% deposit is shrinking fast, as lending is cut because of the credit crunch and falling house prices.
There are only 60 such deals currently available from lenders, down from 860 a year ago.
Mortgages for 100% or more of a property’s value disappeared at the start of the year. The number of 90% deals is also shrinking fast, though not as dramatically.
Original post by little professor
