Finanace News: Mortage Approval Rates Dip Again

Added by derek hosewood 24 Sep 2010 (address: www.hourpaydayloans.co.uk/p... )

Banks raised mortgage rates and introduced stricter lending criteria last week amid concerns that this year’s house-price recovery is not sustainable. NR which has boosted lending in recent weeks, increased its market-leading fix for remortgages from 4.99% to 5.39%, while the deal for homebuyers went up from 4.99% to 5.29%. Both require a 30% deposit. More...

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