Over recent weeks a number of lenders have decided to bring back 125 percent mortgages, but these will only be made available to existing borrowers who have very good credit and need to move home. (more…)
Posts Tagged ‘125% mortgages’
Lenders offer 125 percent mortgages to existing customers
Wednesday, December 16th, 2009
125% Mortgage – Nationwide’s Boost To Those In Negative Equity
Monday, July 20th, 2009125% mortgage. Just when most of us thought that we would never see figures even approaching 100% with regards to mortgages ever again, Nationwide appear to be thinking outside the box with this, distinctly against market trend, deal it’s offering to those trapped in the misery of negative equity. (more…)
End Of The Road For 125% Mortgages
Friday, February 29th, 2008The recent announcement that Northern Rock is to remove its 125% ‘Together’ mortgage from the shelves may be the final nail in the coffin when it comes to sizeable mortgages for over and above the traditional 95% value of the property. Over the past week or two more and more lenders have been announcing that they will be removing 125% mortgages – which comprise 95% mortgage and a 30% unsecured loan – from the shelves, with the effects of the credit crunch continuing to see credit conditions worsen. (more…)
Lenders announce withdrawal of 125% mortgages
Wednesday, February 27th, 2008According to recent reports a number of lenders have taken mortgages of over 100% off the market, as an increasing number of lenders exercise caution over lending levels in light of the global credit crunch. The shrinking market for mortgages of more than 100% means that many consumers may suffer, including those looking to take out a mortgage in excess of 100% and those who already have mortgages of over 100% who want to remortgage. (more…)
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