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90% LTV deals up almost 50% year-on-year

There are almost 50% more 90% LTV mortgage deals available today, compared to one year ago, the latest figures from show.

There were only 144 90% LTV deals in February 2010, compared with 214 today.

In August 2010 there were also only 185 90% LTV deals.

There has also been an increase in the availability of 85% LTV deals.

There are 560 deals on the market today, compared to 310 in February 2010.

Louise Holmes, spokesperson for, says: “Higher loan-to-value mortgages are making a steady return to the mortgage market. This will be welcome news to borrowers with small deposits, particularly first time buyers who have struggled to find products which meet their needs.

“Lenders became risk averse during the height of the credit crunch by withdrawing their higher loan-to-value mortgage products.

“Over recent months some lenders have increased their rates and expanded their number of higher loan-to-value deals, giving indications that the market could be returning to a competitive, rather than risk-based state.”


Halifax pulls in opposite direction by reducing fixed rates

Halifax Intermediaries bucked the trend last week and cut the rates on its two-year fixes by up to 0.70%. Its two-year home buyer fixed rate mortgage available up to 60% LTV has been reduced by 0.70% to 3.19% and its two-year homebuyer fixed rate up to 75% LTV has been trimmed by 0.50% to 3.59%. […]

Just 6% of FTB loans are for interest-only

The number of interest-only loans plummeted to just 6% of all first-time buyer loans in December 2010. During the same period in 2007, interest-only loans accounted for 30% of all first-time buyer loans, the latest figures from the Council of Mortgage Lenders show. Several lenders have recently stop-ped allowing interest-only on high LTV loans after […]


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  • John Tidswell 16th February 2011 at 3:41 pm

    Good point, and how true!

  • A 16th February 2011 at 1:46 pm

    Thats not difficult, there were 2 now there’s 3. And we all know it’s not just about availablilty it’s more about eligibility…. isn’t it??