Nationwide Offers 125% Mortgage
Published / Last Updated on 09/07/2009
Nationwide Offers 125% Mortgage Nationwide has launched a 125% loan to value mortgage to existing clients who have negative equity.
They suggest this is a special product with limited appeal for existing clients who have negative equity but still wish to move home.
We suggest this is a dangerous public statement. Yet again, the public are given the impression that over borrowing is acceptable rather than not.
The FSA has already been tasked by the Government to review lending policy in the wake of the credit crunch, and this scheme will obviously be looked at.
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