| 09.07.2009 - Nationwide brings back 125% mortgage in UK |
| From Guardian: Mortgages allowing people to borrow up to 125% of a property's value are making a surprise comeback after Nationwide launched a deal aimed at homeowners trapped in negative equity who are keen to move house. Britain's biggest building society said yesterday that the new mortgage would allow homeowners to "carry over" their negative equity and experts said it could throw a lifeline to people stuck in their homes who needed to move house........Full Article: Source |