100% mortgages

Posted on 18 April 2007 by Ray Boulger

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As the proportion of people going to university has grown over the last few years, as indeed has the level of fees that they pay, we have seen a new generation of young people starting their working lives much later, often saddled with thousands of pounds worth of debt.  Faced with the choice of either delaying a house purchase until the debt has been paid off and a new savings pot accumulated, or taking the plunge earlier with the aid of 100% plus home loans, it is unsurprising that greater numbers have more recently chosen the latter.

Despite the furore surrounding the availability of mortgages reaching as much as 125 or 130 per cent of a property’s value, in actual fact, very few people qualify for that amount of money and the average plus size loan to value is more like 103 per cent.

Category: Property market

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