Mortgage providers uninspired by £500bn rescue plan

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Mortgage providers uninspired by £500bn rescue plan

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10-10-2008, 10:54 PM

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Mortgage providers uninspired by £500bn rescue plan

The announcement earlier this week of the £500 billion Government package of support for UK banks, plus a 0.5% cut in the Bank of England’s base rate, has met with disappointing results in the mortgage market.According to financial website, Moneyfacts.co.uk, home loan providers have continued to withdraw products with high loan-to-value (LTV) ratios, leaving the [...]

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