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  • Casual Articles - British Mortgages for 125% of Home Value

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    w home livable.

    HBOS estimates that this niche market is perhaps three percent of the market – which is nonetheless about

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    HBOS, Britain’s biggest mortgage lender, has announced a loan program “for graduates and professionals” that will allow them to borrow more than the value of the home they are purchasing in order to assist in meeting other initial costs of buying a home. There are at least a half dozen other British lending institutions offering these notes, which typically are for 125% of the home’s value. The purpose of the additional cash is to pay substantial government fees, buy furniture and generally make the new home livable.

    HBOS estimates that this niche market is perhaps three percent of the market – which is nonetheless about

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    borrow more than the value of the home they are purchasing in order to assist in meeting other initial costs of buying a home. There are at least a half dozen other British lending institutions offering these notes, which typically are for 125% of the home’s value. The purpose of the additional cash is to pay substantial government fees, buy furniture and generally make the new home livable.

    HBOS estimates that this niche market is perhaps three percent of the market – which is nonetheless about

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    There are at least a half dozen other British lending institutions offering these notes, which typically are for 125% of the home’s value. The purpose of the additional cash is to pay substantial government fees, buy furniture and generally make the new home livable.

    HBOS estimates that this niche market is perhaps three percent of the market – which is nonetheless about

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    ome’s value. The purpose of the additional cash is to pay substantial government fees, buy furniture and generally make the new home livable.

    HBOS estimates that this niche market is perhaps three percent of the market – which is nonetheless about

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    w home livable.

    HBOS estimates that this niche market is perhaps three percent of the market – which is nonetheless about ten billion pounds annually. It is targeted at borrowers with “a high future earning potential.” The loan requires a five percent down payment on the home, and then provides for ninety five percent financing on the home purchase and an additional thirty percent unsecured personal loan. In the case of HBOS, the additional loan can amount to no more than thirty thousand pounds.

    Much like in the U.S. British analysts are expressing fears that home buyers are already borrowing too much against their

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