Money News
Abbey Mortgages is to launch a 100% mortgage proposition on June 13th - the new deal having a maximum loan to value of £500,000 and requiring no deposit.
Loans under the scheme, although open to everyone, are most likely to be useful to first time buyers, as well as people who have recently separated and are struggling to raise a deposit to get back onto the housing ladder.
Mortgages available include: a 2-year tracker charging 6.29% (£495 fee); 2-year fixes charging 6.35% (£995 fee) and 6.99% (no fee) and 3 and 5-year fixes charging 6.99% and 6.89% - a £495 fee applying in both cases.
08 June 2007 © Moneyextra.com
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