125% mortgage providers withdraw from market

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125% mortgage providers withdraw from market

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02-20-2008, 01:27 PM

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125% mortgage providers withdraw from market

Mortgage borrowers that have 125% loans could face huge increases in monthly repayments when they come to remortgage, because most of the lenders offering this type of loan have withdrawn from the market this week.Currently Northern Rock as the only High Street lender offering the 125% mortgage, which has been especially popular with first-time buyers.The [...]

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