News Tag: 90% LTV
February 28, 2011
Crisis-torn lender, Northern Rock, is understood to be launching a series of mortgage products which require just a 10% deposit (90% loan-to-value).
The announcement, revealed by the Financial Times, comes as mortgage lending continues to remain subdued as first-time buyers, in particular, struggle to obtain a mortgage unless they have a substantial deposit.
Since the credit crunch more than three years ...
Northern Rock to launch 90% LTV mortgage range
by Kay Murchie
June 10, 2010
Housebuilder Bovis has joined forces with Barclays to offer a mortgage aimed at first-time buyers, through the bank's Woolwich lending arm.
However, the 90% loan-to-value (LTV) deal, which comes with unemployment protection for three years from exchange of contracts, is only available to those purchasing a Bovis home.
For the maximum 90% LTV, the rate is fixed at 4.99% for ...
Bovis partners Barclays to offer first-time buyer mortgage
by Gill Montia
June 14, 2009
The plight of would-be first-time buyers is highlighted by new research from Moneysupermarket.com.
According to the price comparison website, home loans requiring a 10% deposit have all but disappeared in the credit crisis with only 102 available today, compared with 3,124 in January 2007, a decline of 97%.
First-time buyers are also being penalised on interest rates with the average rate on ...
Demise of 90% LTV blocks first-time buyers
by Gill Montia
February 23, 2009
Northern Rock is reversing its post-nationalisation strategy of running down its mortgage book and will begin offering new loans of up to 90% of a property's value.
The move offers hope to the UK's beleaguered housing market, which despite the recent rise in new buyer enquiries reported by the Royal Institution of Chartered Surveyors and property website, Rightmove, will ...
Northern Rock returns to new lending at 90% LTV
by Gill Montia