Two-tier market to spark higher mortgage rates
Borrowers could soon face a two-tier mortgage market thanks to the Financial Regulator’s plan to impose extra requirements on loans for more than 80 per cent of a home’s value, according to senior banking sources.
Borrowers could soon face a two-tier mortgage market thanks to the Financial Regulator’s plan to impose extra requirements on loans for more than 80 per cent of a home’s value, according to senior banking sources.
Lenders said last week that the requirement for banks to put up more capital to cover higher-risk mortgages was likely to result in a shift away from these mortgages towards those where the key loan-to-value (LTV) ratio...
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