100% mortgages to make an appearance?

Story link: 100% mortgages to make an appearance?

I thought that 100%+ mortgages were just a distant memory, but it seems that Coventry Building Society are taking their chances by offering a 100% mortgage once more!
12 months ago, an average property buyer could get a 125% mortgage if the deal was right, but lately 75%LTV seems to be the going rate, so a 100% mortgage deal would definitely increase their business!

100% mortgages to make an appearance?

100% mortgages used to be things you could get quite easily…
…but then as the credit crunch hit, many mortgage lenders wanted to reduce their risk, and so 100% mortgages died a death.
Now, Coventry Building Society has thrown a lifeline to those of you in negative equity after becoming the first mortgage lender to offer remortgage deals worth 100% of a property’s value.