Articles tagged with: lending
UK Economy »
Britain’s biggest building society Nationwide launched a 125% mortgage for home owners trapped in negative equity who were keen to move house, the Telegraph reports.
It is being offered only to the society’s existing mortgage customers whose house value is less than the mortgage on the property, but who are looking to move home and borrow more.
The product’s availability comes despite the much tighter lending criteria introduced by virtually all lenders in the wake of the …
