The latest news on the UK mortgage market showed that despite the decreasing interest rates,
many borrowers are still unable to afford a Mortgage loan.

The majority of UK lenders are introducing new criteria along with decreasing rates.

For example, the HSBC has recently launched the a record-low mortgage of 1.99% which is great if you have a 40% deposit.

Of course, the deal might seem attractive to Brits moving homes or remortgaging, however, it leaves out
first-time buyers, who evidently cannot provide the bank with a 40% deposit.

This entry was posted on Tuesday, September 8th, 2009 at 2:21 pm and is filed under Mortgage, Mortgage Rates, Mortgages, interest rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.