According 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…)
Tags: Mortgage News, 125% mortgages