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Moneysupermarket fears growing deposits
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Posted on
Jun 12 2008 4:59 AM
by
adeal
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Comparison site Moneysupermarket has expressed affordability fears as lenders start to refuse the option to add fees to 95% loan-to-value (LTV) mortgages. Abbey recently announced that the total booking fee can no longer be added on to its 95% range, meaning borrowers must pay these additional costs upfront. Louise Cuming, head of mortgages at Moneysupermarket, said: “I suspect the Abbey decision has been driven by decreasing house values.
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