FTAdviser.com - Abbey pulls 95 per cent LTV product

Abbey pulls 95 per cent LTV product

Story by: Catherine Couch
Magazine: MortgageAdviser
Published Tuesday , April 29, 2008

Abbey has withdrawn its two-year fixed rate product at 95 per cent loan-to-value (LTV).

Advertising

The lender will now only offer a maximum LTV of 95 per cent on its five-year products.

Abbey has also introduced a new policy on its interest-only mortgages.

From now on, only those with a proven repayment vehicle in place can borrow up to 75 per cent LTV.

Those without a proven repayment vehicle will be limited to 50 per cent LTV.

FTAdviser BLOGS

Base rate cut - a cure for the common cold?

What would be the point of a further base rate cut? In the last couple of days I have been... read more

SIGN UP TO NEWS ALERTS

© The Financial Times Limited - 2008.

"FT", "Financial Times", "Money Management", "Investment Adviser", "FTAdviser", "Mortgage Adviser" and "Financial Adviser" are trademarks of The Financial Times Limited and their associated companies. No part of this publication may be reproduced or used in any form without prior permission in writing from the editor.

-FTA-1.0.28a-prod - 31/10/2008 10:02:29