C&G withdraws 90% plus deals

Eleanor Ross, media relations manager at C&G, says high LTV products are not the core part of the society’s lending business and adds the average LTV for new business is 63%. “This is part of our prudent approach to lending – we’ve never been big players in this part of the market and our 100% products have always been priced at the higher end. It’s a tiny part of our business – only 1.7% of lending is 95% and above." C&G sent a note to intermediaries last night to inform them the products will no longer be available. As well as withdrawing a number of products, some 95% LTV products hav...