"We would like the new Government to look at supporting affordable mortgages and a return to high loan-to-value mortgage
The state will offer guarantees totalling up to PS12 billion on PS130 billion of high loan-to-value mortgage
accessible high loan-to-value mortgage
market and therefore reflected relatively good comparative value, particularly to foreign investors.
David black from financial analysts defaqto says: "many borrowers with a high loan-to-value mortgage
on an interest-only basis face substantially increased monthly payments if they re-mortgage.
Obviously, if you are hoping to get a high loan-to-value mortgage
then the fact that lenders now take incentives into account may come as an unpleasant surprise.
It will see the state offer guarantees totalling up to PS12 billion on PS130 billion of high loan-to-value mortgage
David Caught, residential sales and marketing director for English Cities Fund, says: "Large deposits are a major sticking point for first time buyers and high loan-to-value mortgage
products were thin on the ground in 2010.
Another contibutor must be the type of high loan-to-value mortgage
deals which were being offered by lenders in the years leading up to the collapse of the housing market.
The Help to Buy Mortgage Guarantee Scheme was designed to help lenders offer home buyers more high loan-to-value mortgages
(80-95%), backed by government support.
The Welsh Government and house builders were to act as guarantors so buyers could secure high loan-to-value mortgages
not otherwise be available to them.
It will lead to high loan-to-value mortgages
of up to 95% using guarantees from both housebuilders and the Welsh Government.
Lenders pushed out a spate of high loan-to-value mortgages
in the summer to cater for the backlogged first time buyer market, and, although they have taken time to feed through, we now are we beginning to see borrowers take them up in notable numbers."