Mortgage lenders are withdrawing from offering 100% home loans over fears that such products will now attract a flood of high-risk borrowers.
Those lenders sill offering 100% deals are now charging interest rates of 8% or more.
In recent months, 10 lenders have stopped offering to advance the full value of a property, reducing the availability of these mortgages by almost one third compared with a year ago.
Financial Times 26/01/08 page 13
