The value of new mortgages where the deposit is less than 5% doubled to £1.5bn.
The value of new mortgages where the deposit is less than 5% doubled to £1.5bn.
The share of gross mortgage advances with LTV ratios exceeding 90% is at its highest level since 2008.
The residential mortgage lender has cut rates by 15bps at 90% and 95% LTV.
The two borrowers purchased their home despite a last-minute rate change and historic adverse credit.
Previously, borrowing for applicants who did not have permanent rights to remain in the UK was limited to 75% LTV.
The maximum LTV has risen from 65% to 70%.
£677bn of housing equity has built up since the financial crisis.
Moneyfacts has cautioned that the notable minority entering the market with large deposits risks creating a two-tier market.
The specialist lender reveals 80% LTV limited-time HMO offer.
Self-employed, contractors and zero-hour workers can now access 95% LTV lending when applying for a Gen H mortgage.
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