Banks have begun to ease their ban on homeowners who borrowed more than the value of their property, in a sign that lending criteria may be beginning to ease.
For the first time in more than a year, HBOS, part of Lloyds Banking Group, is offering to lend homeowners 100% mortgages.
Brokers say other lenders, such as HSBC and Nationwide, have also begun to bring out new deals for borrowers with small amounts of equity.
Financial Times 11/04/09 page 14
