Thrifty Loans

Availability is biggest hurdle for those looking for a mortgage

According to a recent report the biggest problem that is facing those looking to take out a mortgage or remortgage is availability, with many lenders having slashed the range of deals that are on offer as a result of the global credit crunch, which has seriously affected their ability to take on new mortgage customers. Many [...]

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Negative equity could affect millions by next year

According to a recent report millions of homeowners in the UK could see themselves plunged into negative equity over the next year, where their mortgage on their home will exceed the value of the property. Negative equity is a term that has not been widely used for the last ten years, as a result of house [...]

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Changes to Abbey mortgages

According to recent reports one of the latest high street lenders to make changes to its mortgage offerings if the Abbey, which has recently announced a number of changes. One of the moves made by the bank mirrors moves made by other banks – to reserve best buy mortgages for those with higher deposits to put [...]

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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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