We’ve recently been talking a lot about the rise of mortgage opportunities, from expats to increasing yields and high demand. Well, we’ve just seen a massive step forward as lenders start to close the gap between the size of loans and the value of properties.
NatWest Intermediary Solutions announced a new 90% LTV (loan-to-value) package. Recently, market lending rates have hovered around 60% LTV, meaning that mortgages have generally required very high deposits from borrowers.
This complete 90% mortgage product is an important development, because it opens up opportunities for those without very large deposits (such as first-time buyers). This is also a bit of a kick to the market, because other lenders are beginning to bring out competitive deals.
This is certainly a good opportunity to explore your options, so call Limetree for more information.