Until last year Northern Rock enjoyed a reputation as the nation’s fifth largest mortgage lender, and had enjoyed great success and an impressive reputation. However, in the summer of last year everything fell apart for the mortgage lender when it became a high profile victim of the global credit crunch. It became public knowledge that [...]

The 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 [...]