Northern Rock offer 90% mortgages
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Northern Rock has announced that it is now offering a 90% Mortgage to borrowers, which is great news for the likes of first time buyers. The lender that is now government owned were the first bank in the U.K. to be taken over and has been paying off their incredible high debts. The real question is, should Northern Rock be the bank to be offering 90% mortgages?, especially when they have just announced a £232.4 million loss.
There is a rumour that Northern Rock will be sold off again, which is great news for shareholders, but there has been no confirmation as to when this will be.
The lenders being strict on their lending policies toped with the every unpredictable property prices is placing extreme pressure on the U.K. property market. The need or want for moving in the U.K. is being made harder for those in desperate need to move. On top of all this there are no signs of the employment numbers decreasing. There are solutions out there for people that are in desperate need to move, like our Quick Property Sale service.
Quick Purchase offer this service to people who need to move fast, we would like to advise you that you do not receive market value for your home, but we are cash buyers able to complete the sale to suite you. There are no fees with our service other than a small contribution towards a valuation fee, which is refunded upon completion, and this is simply in place to ensure that you are not wasting our time. We Purchase property in England and Wales in any condition, we guarantee to make you a cash offer.
For Further information about our Quick Property Sale Service please contact us either online or on 0800 5999 000.
