Friday, 4 February 2011

More mortgages for borrowers with lower deposits - Mortgages, Money - The Independent

More mortgages for borrowers with lower deposits - Mortgages, Money - The Independent

The proportion of mortgages available to people with small deposits has risen to its highest level for two years but there is little sign that banks are increasing their lending levels, research indicated today.

Loans that require borrowers to put down a deposit of at least 25% of their home's value now account for less than half of the market for the first time since January 2009, according to financial information group Moneyfacts.

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