Anyone in the mortgage industry will remember the years before the financial crisis with as much fondness as regret. There were, after all, more than 800 different mortgages available at 95% LTV and they were flying of the proverbial shelves at what was a lucrative, if unsustainable rate. As many analysts have pointed out, if one compares the latest lending figures to those at the height of the pre-crisis boom, the market looks like it may never return to those halcyon days when mortgage finance was readily available to an eager body of homebuyers.
2 Feb 2012