Is mortgage rationing affecting the bridging loan market?

Current Mortgage Availability

The BBC today reported further mortgage rationing by lenders

Mortgage Lenders Demand Larger Deposits

The BBC reported today that mortgage lenders are demanding larger deposits from house buyers, this must further affect the availability of short term bridging loans!

In short, the number of mortgages requiring 25% deposits have risen from 54% to 60% over the last month with 25% of all mortgage deals needing 40%!

A comparison between today & a year ago shows the following:-

  • 0% deposit - down from 182 to 10
  • 5% - down from 1,023 to 11
  • 10% - down from 1,197 to 148
  • 15% - down from 245 to 227
  • 20% - down from 243 to 158
  • 25% - down from 669 to 447
  • 40% - up from 24 to 341

The full article can be read here.

Submitted by Bridging Loan Broker on Mon, 05/01/2009 - 17:01 Syndicate content | Bridging Loan Feed

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