Mortgage lenders continued to reduce their exposure to self-employed borrowers cutting back on maximum loans, while more lenders announced a return to 95 per cent loan to value (LTV).
Elsewhere, an opinion piece from Hiten Ganatra that dished out a healthy note of scepticism of the government’s 95 per cent LTV grabbed readers’ attention as did news that more shared ownership homes would be built using Right to Buy receipts.
Lenders tighten self-employed affordability – MBT
Let’s not expect miracles from government’s mortgage guarantee scheme – Ganatra
TSB confirms April return to 95 per cent lending
Vernon BS launches cheapest 90 per cent LTV mortgage
Shared ownership boost as councils will build more homes from Right to Buy income
Accord and Coventry BS cut high LTV rates
Skipton relaunches 95 per cent LTV mortgages but cautions on short-term availability
Virgin Money cuts high LTV rates by up to 0.16 per cent
Greedy, unethical brokers must not be allowed to pollute bridging market – Coates
Quarter of homeowners miss mortgage payments due to ill health – MetLife