Abbey and Nationwide further tighten lending criteria

April 29, 2008
The government’s £50 billion liquidity injection into the banking sector appears to have had little impact so far on mortgage availability, with Nationwide and Abbey both announcing further tightening of lending criteria, with higher, more restrictive loan-to-value ratios. Nationwide is now refusing mortgages to those with a deposit of less than 10% for all but two of its fixed and …

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