Warning over 130% Mortgage Deal - 2005-01-18
Consumers were warned today to be careful of a new mortgage deal which allows people to borrow 130% of the value of their home.
Max 130 has been created by Mortgage Express – the specialist lending arm of Bradford & Bingley. It lets consumers borrow up to 130% of their property’s value with no higher lending charge and is designed to meet the needs of first-time buyers, people without a deposit and those that require cash and debt consolidation.
Read the full story at The Scotsman