Low deposit mortgage choice at 17-year high
Original Article Summary
The number of mortgages at 90% and 95% LTV is at its highest level in 17 years, suggesting that lenders are fiercely competing for this business. There are currently 1,360 options, while average mortgage rates on the overall two- and five-year fixed rates fell by 0.05% and 0.01% to 4.96% and 5.00%, respectively. Rachel Springall, […] The post Low deposit mortgage choice at 17-year high appeared first on PropertyWire.
PropMatch Curated Analysis
High LTV mortgage choice is at a 17-year high with 1,360 products available, while rates have fallen slightly and lenders are relaxing loan-to-income rules following regulatory changes.
Investor Relevance
More mortgage options and slightly lower rates improve financing conditions for leveraged property acquisitions and refinancing. Relaxed loan-to-income rules may enable investors to access higher borrowing multiples, particularly relevant for portfolio expansion strategies.
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