Brokers feel a high demand in the future for 100% LTV mortgages

17/07/2007

Nearly 78 per cent of mortgages brokers feel that the 100 percent plus LTV mortgage and personal loan market, will increase in demand over the next two years, Alliance & Leicester Mortgages reveals.

Due to the vast majority of different providers offering products that combine a mortgage with a personal unsecured loan, the market is getting ready to increase consumer demand for certain products.

Head at Alliance & Leicester, Jeremy Claridge commented: “With increasing house prices and rising interest rates, homebuyers and remortgagers will be looking for affordable ways to get a mortgage. We are pleased to see that most brokers predict this market will grow within the next two years as these products offer a great opportunity for borrowers who need some additional funding.

It’s good to see so many brokers are familiar with the 100% plus LTV mortgage and personal loan market and they have started advising on these products.”

100% plus LTV mortgages are old products for the niche market, with total three out of four, 74 per cent of brokers saying they have advised on this product.

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