More than one in five advisers believe that 100% plus LTV mortgages can raise the overall value of a property because they allow buyers to spend extra money on home improvements, according to Alliance & Leicester Mortgages.
A survey by A&L Mortgages found that 21% of brokers thought 100%+ products could add value, while 73% thought that first time buyers will be the main beneficiaries of a combined mortgage and personal loan product. A further 22% of brokers say first time buyers will benefit from 100%+ products because they will be able to get on the property ladder sooner by not spending time saving for a deposit. Jeremy Claridge, head of specialist mortgages at Alliance & Leicester, comments: “Rising interest rates and house prices means first time buyers need flexible products that will help them get ont...
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