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95% LTV loan availability tops post-crash high


The number of 95 per cent LTV loans has risen to a level not seen since just after the financial crisis, according to Moneyfacts.  

Moneyfacts says there were 307 such loans on the market at the end of March 2018, surpassing the 300 mark for the first time since April 2008 when there were 411 available. 

The average rate for a 95 per cent LTV loan this March was 4.02 per cent, compared to 6.39 per cent back in April 2008. 

Moneyfacts finance expert Charlotte Nelson says: “This increase bucks the trend for the rest of the market, with all the lower LTVs (except 90 & 75 per cent LTV) experiencing a drop in numbers this month.” 

Eight lenders re-entered the market in March.  

Nelson adds: “Providers know that many borrowers on their mortgage books, who are coming to the end of their mortgage, may want to take advantage of the low rates on offer elsewhere.

“So, the introduction of new deals at 95 per cent will give the providers’ mortgage book a new zest for life.” 




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