Financial Times FT.com

Nationwide offers 125% mortgage

By Daniel Thomas

Published: July 8 2009 23:32 | Last updated: July 8 2009 23:32

Negative equity mortgages are being offered to customers of Nationwide that will allow homeowners once again to borrow more than the value of their intended house purchase.

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Nationwide has begun offering its customers suffering from negative equity a mortgage that provides up to 125 per cent of a property’s value, should they want to move.

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