85% mortgages FT

The 85% LTV mortgage is truely back according to a weekend article in the FT.

They report that mortgage providers are relaxing their criteria and upping their Loan To Values.

At the moment Kensington is the only lender doing an 85% LTV.  Lenders prepared to advance up to 80% towards the purchase price include the Clysedale/ Yorkshire Bank with a very competitive 4.99% lifetime variable rate and fee of 999 pounds.  The Mortgage Works are also offering 80% mortgages.

To read the full article go here.

Mortgage Search - whole market