100% Mortgages on the increase

In a suprising turnaround of policies mform.co.uk ( an independent and impartial resource for mortgages in the UK ) has announced that lending institutions in the UK have actually increased the number of 100 percent mortgages available to UK borrowers.

It will come as a shock to many people that this should occur in the face recent developments in bad credit markets in the US which have had implications to the UK mortgage market.

It has been reported that the number of available 100 percent mortgages available to connsumers has risen by over 70% over the last 6 month period.. At the same time, of course, borrowers are reminded that the more you borrow the more you will repay and that the more unlikely the deal available, the more expensive in the long term it is likely to be.