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120% Mortgages and Remortgages have now been withdrawn until further notice.
Once extremely popular among UK mortgage borrowers, this product and all the others like it, have now been taken off the mortgage market amongst fears of negative equity and a cyclical credit squeeze. There were many borrowers that took theses type of products and benefited from them, but there were also borrowers that overstretched themselves and are now facing a financial crisis as the interest rates go up and the cost of living accelerates. However, although mortgages are still available they are not so easy to obtain and one of the spin offs is the talk off mass redundancies in the mortgage industry. The UK is still suffering a lack of affordable housing and this situation is not likely to change soon. Exactly how this will eventually be reconciled is a topic of discussion at many a dinner party. In the meantime, if you need a mortgage or remortgage and could use the help of an updated mortgage data base to find the best deals, use the link below.
Think carefully before securing other debts against
your home. Your home may be repossessed if you do not keep up repayments
on your mortgage
DECISION IN PRINCIPLE AVAILABLE IN MINUTES Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage |