Deposit of 40% for many loans
LENDERS are now demanding a deposit of at least 40 per cent for a quarter of all mortgages, figures yesterday revealed.
About 25 per cent of mortgages are currently only available to people looking to borrow 60 per cent or less of their home's value, according to financial information group Moneyfacts.co.uk.
There are just 21 deals across the market for people with a deposit of 5 per cent or less, compared with about 1,200 in February last year.
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Weather for Edinburgh
Thursday 16 February 2012
Today
Light rain
Temperature: 5 C to 12 C
Wind Speed: 24 mph
Wind direction: South west
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Cloudy
Temperature: 5 C to 11 C
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Wind direction: South west
