125% Mortgage Is Back ; Nationwide Move Raises Fear of More Rash Lending [Scot Region]
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Summary
A NEW 125 per cent mortgage has sparked fears the reckless lending of the housing boom could begin again.
The Nationwide loans are available to existing borrowers wanting to move house, but who are in negative equity on their current home.See the full content of this document
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125% Mortgage Is Back ; Nationwide Move Raises Fear of More Rash Lending [Scot Region]
Under the terms of the deal, customers can borrow up to 95 per cent of the value of their new home if they have a 5 per cent deposit.
They can then add on negative equity from the old home - up to 30 per cent of the new property's v...See the full content of this document
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