More Mortgage Products On Market

Find a Property:

Lenders are starting to increase their range of higher loan-to-value (LTV) mortgages, according to a report from Moneyfacts.co.uk.

Here are the report’s key findings:

* Since the Bank of England base rate reached 0.50 per cent on 5 March 2009, the number of mortgage products requiring a minimum of 15 per cent deposit has risen from 169 to 231.

* The number of products requiring a minimum of 10 per cent deposit has risen from 89 to 105.

* However, we are not seeing the same trend in the cost of mortgages, with few providers cutting rates.

* The average two-year fixed-rate mortgage is 5.06 per cent at present, identical to July ’09’s figure, and up from 4.84 per cent eight months ago.

Read more.