lozgti

Nationwide squeezes all but the most cash-laden buyers - Times Online

Buying for £200k? You will need £50,000 to put down.

Looks like all the lenders are trying to ensure they all go to heaven.Or is it the end of nonsense lending?

I always thought the amount of the deposit reflected a cushion for them if there was a repo.Presume they are a bit concerned that they need bigger cushions Whatever the position,seems that generous lending is over

The Snug Rhino

Hardly. You can borrow more pay .2% extra. £30pm on £200k - no big deal at all.

andy97

iTrader: (1)

Good, if you cant afford to buy several houses, then you should stay renting,























One of my houses

The Snug Rhino

lol - in fact, just to make sure they really confuse the people that need their media spoon feeding to them......they end by comparing the .2% higher nationwide deal with the MARKET LEADING loan from elsewhere!

What a joke.

Luminous

iTrader: (3)

Drove past a couple of developments around here yesterday. The developer had schemes for first time buyers. Developer pays a 5% deposit, and also arranges a 95% mortgage.

If you want it, you can still have it.

Robert Rosario

Nationwide has always been pretty shrewd with their LTV ratios.

Self certs, now that is what needs revising, and sooner the better!

lozgti

Well,even if scoobynet believes lending criteria hasn't changed dramatically,the big builders seem to accept it all has

Persimmon sees signs of hope in housing market | Business | Reuters