A healthy 85 mortgages to first time buyers
Posted on April 06th 2009
HSBC, one of the UK’s biggest lenders said it would increase its loan-to-value (LTV) maximum from 60 to 75 on its market lending tracker mortgages of 2.95. This is the first sign of the easing on the market in Britain.
This new plan brings a more relaxed approach to lending could see many people who would have otherwise struggled to have put a deposit down could now be in a position to apply for the loan.
This comes after other big lender such as Abbey and Nationwide have announced fixed rates on mortgages of around 5.84.
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