Mortgage Products Rising

According to the financial information website, the number of mortgage products available has risen to the highest levels since Nov 2008.

The report from Moneyfacts has found that only a few mortgages offer a 10% mortgage however the numbers are rising from 176 a year ago to 261 at the start of July 2011.

“Lenders appear to be applying the recent cuts equally across all loan-to-value tiers, which is good news for first-time buyers, as previously cuts were only being applied to the lower loan-to-value bands,” a Moneyfacts spokeswoman said.


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