Securing mortgages will become more difficult in 2009, expert says
A leading commentator on the mortgage market has said that mortgages will become even more expensive in the new year.
Max Sinclair of Property Week says in an editorial piece that lenders will not lower LTVs and the days of cheap and easy mortgages are over.
This spells bad news for anyone searching for bad credit mortgages, for whom the search is already difficult.
January 22nd, 2009 at 6:16 pm
This is hardly a revelation. Of course they are going to be more careful, until we come out of the woods or regulation changes.