27 Jan

Number of high LTV mortgages increases, research shows

Number of high LTV mortgages increases, research shows

The number of 85 per cent loan-to-value (LTV) mortgages on the market has increased by 22 per cent since December and there has also been a rise in the number of 90 per cent LTV products, according to one price comparison website.

Research released by moneysupermarket.com revealed that there has been an 11 per cent jump in the number of 90 per cent LTV deals on the market since December, with borrowers now able to access 165 products.

The organisation also noted that rates across mortgage products have fallen slightly since October 2009, with those looking to finance a property purchase with an 80 per cent LTV product experiencing the most substantial drops.

Hannah-Mercedes Skenfield, mortgages channel manager at moneysupermarket.com, said: "It is encouraging to see rates starting to drop across all LTV products."

"These figures do suggest that those looking for a mortgage are finding more choice," she added.

On January 21st, the Council of Mortgage Lenders published lending figures for December, which showed an increase of 14 per cent compared with the previous month.ADNFCR-1222-ID-19580268-ADNFCR

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