You are here: Home - News -

New entrants expand high LTV market

by:
  • 21/10/2002
  • 0
The availability of high loan to value (LTV) products is set to rise sharply with news that three le...

The availability of high loan to value (LTV) products is set to rise sharply with news that three lenders are either entering or re-entering the market.

Bristol & West (B&W) is to launch 100+% LTV mortgages in the prime sector, Future Mortgages is entering the sub-prime high LTV market with a 95% LTV product, and Preferred Mortgages has relaunched its 95% non-conforming product.

The B&W 100+% range is to be finalised during the next month. Dominic Toller, head of marketing at B&W Mortgages, explained: ‘We may trial these high LTV mortgages to ensure it works before going live, so it could be December or January before we open it up to the market.’

Future Mortgages’ entry into the 95% LTV sub-prime market comes after it highlighted growing affordability issues faced by its brokers.

Brian Pitt, sales and marketing director of Future, said: ‘Rising house prices have meant the value of a deposit has fallen, resulting in many clients requiring a high LTV loan. This situation is borne out by feedback from our introducers and we have added this 95% product to our range.’

B&W is also to enter the through lending market, with an expected launch date early in the new year. Toller added: ‘We have been in the adverse credit market for a few years and want to grow our share of the market. We are looking at various means to shift risk on our balance sheet. This may include securitisation, whole loan sales and through lending.’


Tags

There are 0 Comment(s)

You may also be interested in

  • RT @specialistsols: Do you want to attend a high quality specialist lending event with great speakers, content & exhibitors? Don't just tak…
  • RT @specialistsols: Voting opens next week for #BSLA2019 - get in touch with lorraine.francisco@ae3media.co.uk if you want us to create som…
  • RT @VickyHartleyMS: Help to Buy is ‘another time bomb waiting to go off’ – Star Letter 30/11/2018 - Mortgage Solutions https://t.co/YDaTNeI…

Read previous post:
LENDER VIEW

The press are at it again. ''House prices driven to unsustainable levels by the buy-to-let market,' ...

Close