C&G withdraws 100% mortgage as deposits rise all round

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C&G withdraws 100% mortgage as deposits rise all round

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02-29-2008, 09:48 PM

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C&G withdraws 100% mortgage as deposits rise all round

Cheltenham & Gloucester (C&G) is today withdrawing its 100% mortgage products; in future borrowers will need a minimum deposit of 10% if they want to apply for a loan.The change means that a typical first-time buyer in London will need almost £25,000 to obtain a C&G mortgage.As lending criteria continue to be reviewed, Royal Bank [...]

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