Monday, 7 April 2008

No More 100% Mortgages

Abbey, the last lender still offering 100% mortgages, how now bowed to the current financial situation and removed it's 100% mortgage products.

It is now not possible to get a 100% motgage, making it harder for first time buyers to step onto the property ladder. Money experts are now saying that owning a home is a luxury, not a right, and suggest that young couples and first time buyers should take close stock of their finances before taking the huge risk of buying.

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