Financial Times FT.com

UK lenders steer away from 100% mortgages

By Matthew Vincent and Sharlene Goff

Published: January 25 2008 19:52 | Last updated: January 25 2008 19:52

Mortgage lenders are withdrawing from offering 100 per cent home loans over fears that such products will now attract a flood of high-risk borrowers.

Those lenders still offering 100 per cent deals are now charging interest rates of 8 per cent or more.

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