Thrifty Loans

Larger deposits required on most Nationwide mortgages

Yet another major mortgage lender has increased the amount of deposit required from borrowers in light of the global credit crunch, which has resulted in far tighter credit conditions. The nation’s second largest mortgage lender, Nationwide, has announced that borrowers will now have to put down at least a 10% deposit on all but two of [...]

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Arrangement fees on mortgages rocket

Over recent months the mortgage market has experienced huge levels of turmoil, with both lenders and consumers being affected. Lenders have found it more and more difficult and expensive to secure finance to fund their lending, and consumers have seen the cost of mortgages rocket despite three base rate cuts, as well as seeing tighter lending [...]

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