95% Mortgages

Nationwide are the first major building society to bring back a 95% mortgage. This may be helpful for first time buyers who are struggling to get a deposit. However, the rate at 7.19% is far above the base rate of 2%. Also there are still expectations of falling house prices so that many who take a 95% mortgage could be left with negative equity - where the value of the house is less than the value of the outstanding mortgage.

1 Comments:

Anonymous Anonymous said...

You may want to consider creating your own website to sell your house. Its not that hard and if we can get houses moving the market will recover. Here is a useful link:

http://freespace.virgin.net/melanie.walker2/selling_your_house.html

February 21, 2009 at 3:58 AM  

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