Mortgage Deals harder to come by!
28 March 2008
"Research commissioned by the Independent on Sunday and carried out by Moneyfacts shows that there were 15,000 mortgage products on offer in summer 2007. However, this figure has fallen to 5,000 over the ensuing months." 1
With the credit crunch making the availability of funds to banks much more difficult we have seen many lenders withdraw from the market completely or reduce the amounts of products they have on offer. This twinned with the fact that lenders are tightening up their lending, criteria is going to make things much harder for people wishing to obtain credit.
1 Introducer Today
'Your home may be repossessed if
you do not keep up repayments on your mortgage'
1 Source - http://www.cml.org.uk/cml/media/press/1395
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