UK lenders steer away from 100% mortgages (Financial Times)

Story date: 2008-01-25 12:04:55
Added on: 2008-01-25 12:53:07

Mortgage lenders are withdrawing from offering 100 per cent home loans over fears that such products will now attract a flood of high-risk borrowers. Those lenders still offering 100 per cent deals are now charging interest rates of 8 per cent or more.


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