New Mortgage Guides

Other Mortgage Guides

Mortgage Types

Mortgage Tools

Mortgage lender increases minimum deposit
Fri, 29 Feb 2008
According to reports in the mortgages news this morning, Cheltenham and Gloucester will be join other mortgage lenders in denying loans to any borrowers who can not afford to put down a deposit of at least 10 per cent.

High loan to value mortgages appear to rapidly be becoming a thing of the past, with Royal Bank of Scotland and NatWest also retreating from offering the highest bracket of loan to value mortgages .

Cheltenham &Gloucester, who are owned by Lloyds TSB, are one of the largest mortgage providers in the UK. The news follows decisions by many of the mortgage lenders in the 100 per cent plus lending market to curtail their loans of this type.

The decision by C&G is in response to the credit crunch, but many first-time buyers could be worrying that owning a property is still further out of their reach. The increase in level of deposit needed for a first time buyer could make it even more difficult for many to get their feet on the ladder.

Link to this page

Copy and Paste the following HTML into your page.

Mortgage lenders

Browse mortgage lender offersMortgage Rates by Lender

  • Browse current mortgage offers from over 90 lenders.
Browse

Worried about mortgage repayments?Worried about Mortgage Repayments?

  • Join our petition to Government to bail out burdened individuals, not just banks.
Sign the petition

Free mortgage quoteFree Mortgage Quote

Apply Here

Mortgages in Scotland Mortgages in Scotland

Read More

Equity releaseEquity Release

  • Unlock equity in your home.
Apply Here

Switching mortgagesSwitching Mortgages

Read More

Home reversion plansHome Reversion Plans

Apply Here

Commercial mortgages Commercial Mortgages

  • Commercial property loans
  • Starting a business?
Apply Here

Arrears & CCJs?

  • Remortgages
  • Sub prime mortgages
  • Arrears, CCJs
  • Self certification
  • Debt consolidation
Apply Now

Protect your mortgageProtect Your Mortgage

  • 3 months free mortgage protection cover
Apply Now

Mortgage Newsletter