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Trying to find a high LTV mortgage?

by admin

The Price comparison website Moneyfacts says that the availablility of high Loan-to-Value mortgages is increasing although still much lower than two years ago.

According to Moneyfacts there were only 56 mortgages available to people with a 10% deposit in October and this has risen to 114 in November. The withdrawal of high LTV products has been cited by many first time buyers as one of the key barriers to getting on the housing ladder. As the market relies on first time buyers entering the market to free chains that allow others to trade up, the increase in availablity of such mortgages is likely to support further movement in the housing market.

Source: Finance Markets

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