The weekend papers addressed a range of mortgage topics but coverage was less dense than in recent weeks. The Guardian looked at the high street banks who offer up to 95 per cent loan-to-value, as well as the Bank of Ireland mortgage’s 1st Start deal; a joint mortgage using the income of a parent to enhance the borrowing capacity of the buyer, up to 100% of the purchase price. Another feature looked at Lloyds TSB ‘AirMiles’ mortgage, which promises 6,000 air miles up front and additional miles every time a monthly repayment is made.
The Independent reported that a growing number of mortgage lenders have begun withholding their best deals from customers who use a broker-attempting instead to drive more business through their branches. Moreover, the Sunday Times noted that Halifax, Britain’s biggest mortgage lender, will now force borrowers with small deposits who do not use a broker to open a current account before they can get a mortgage.
Elsewhere, the Times investigated the best options to help your children on to the property ladder, whilst the Sunday Mirror emphasised the importance of having a valid repayment vehicle alongside an interest-only mortgage.