Mortgage News
100% Mortgages almost obsolete in UK
| Shared by Larry on Thu Jul 03, 2008 5:12 am | |
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If you've ever thought of buying a home with a 100% mortgage, I'm afraid you'll have to drop the idea. Home buying in the UK will almost be difficult without any decent savings to pay for the down payment. What I mean is, 100% mortgages are now almost obsolete in the UK as home prices have been falling. And the best deals are now available for those who can put down 25% of the home price. Source: http://www.fool.co.uk/news/property-home/mortgages/2008/07/02/the-death-of-the-100-mortgage.aspx |
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 Joined: 21 Oct 2005 Posts: 1138 Location: MARYLAND 137.84 Dollars($) |
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