29 Feb, 2008
Tanya Powley - 29-Feb-2008
Cheltenham & Gloucester has become the
latest lender to pull out of the 100 per cent loan to value market.
This comes after the market for 125 per cent mortgages disappeared
C&G says it will no longer offer 100 per cent mortgages and
has reduced its LTV to 90 per cent.
The lender has said before that its 100 per cent mortgages only
represented a tiny part of its business.
Parent company Lloyds TSB will still offer 95 per cent mortgages
due to the fact that the majority of its mortgages are to the
bank's own customers so it has a more complete picture of their