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Lenders target professionals
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Posted on
Jun 04 2008 3:15 AM
by
adeal
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Mortgages for Business, a specialist buy-to-let broker, has said lenders are increasingly requiring investors to put down deposits of 20-30%, compared to the norm of 15% over the past three years. Such low requirements encouraged many smaller portfolio investors into the market, according to Mortgages for Business, but the credit crunch has forced mortgage lenders to reconsider their exposure to risk.
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