ITL Mortgages temporarily pulls 85% LTV deals

In The Loop Mortgages, part of Stroud & Swindon Building Society, has announced that it has temporarily suspended new lending on deals at 85% and above.

Brokers were notified of the decision yesterday evening and products were withdrawn at 5pm today.

ITL Mortgages has reportedly taken the decision due to high demand for its higher LTV products.

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