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Home Business

Mortgage lending rules leave London tenants stuck in the rental trap

by London Mail
March 8, 2025
in Business
Reading Time: 1 min read
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Reviewing these rules would enable lenders to support those with smaller deposits, much as they did 30 years ago. Of course, this still needs to be responsibly underwritten, but a 5% deposit today is usually £15,000+ (compared to £5,000 30 years ago). At the risk of sounding frankly old, most 100% mortgages were underwritten and performed extremely well back then, so we need a proper discussion about this too.

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