View more on these topics

Follow Saffron and Melton’s lead with more high LTVs

On reading that Taylor Wimpey is offering first-time buyers 95% LTV mortgages on a number of its developments in the East Midlands, East Anglia and East London, I have one question (Mortgage Strategy Online February 15).

The deal is being funded by Melton Mowbray Building Society and Saffron Building Society.

How is it that two fairly small lenders are in a position to be able to provide such high LTV mortgages for first-time buyers when the big boys are not even prepared to look at such deals?

I suspect these loans will have a lower default level due to the fact they will be taken by people who really want to be able to buy a home and will therefore do anything to keep up their payments.

Come on lenders follow the example and provide some affordable first-time buyer deals.

Name and address supplied



Month of two halves for remortgaging

January has been and gone as will most of February by the time you read this. The slightly scary thought is that be you a lender, intermediary or supplier, there are only 10 equivalent periods left to achieve aspirations for 2011. If they all fly by like January, we will be planning for 2012 in […]

Exclusive fixed rate deals available from Openwork

Openwork is offering two exclusive fixed rate Halifax products for remortgage and purchase customers. For buyers with a 10% deposit, the two-year fixed rate mortgages offer a rate of 5.79% with a £1,499 fee, or 5.99% with a £999 fee.


News and expert analysis straight to your inbox

Sign up