Solution Mortgages News

Solution Mortgages news on bad credit remortgages, poor credit remortgages and for people with arrears & ccj’s. Remortgage news with regards to the adverse credit market and people with sub prime credit.

Tuesday, January 15, 2008

Lenders slashing loan to values

Bad credit remortgage lenders have taken a cautious approach to lending in order to protect their figures.

They have been reducing their loan to values on products and are taking a wait and see approach to the credit markets.

Since the beginning of December 2007, 11 mortgage lenders have reduced the maximum loan to value on their mortgage products.

This approach is likely to continue through the first half of 2008.

There are some positives that have been announced recently such as the entry into the marketplace of Goldman Sachs. They purchased Money Partners last week and are likely to want to attract business again over the coming months.

If you have bad credit and are looking for a bad credit remortgage, feel free to contact Solution Mortgages on 0845 123 1260 or apply on line at www.solution-mortgages.co.uk