"It's good to hear the Chancellor talking some much needed common sense about higher LTVs in the mortgage market. Lenders should be able to provide 90-95 per cent loans without onerous conditions attached - at the moment these loans are pretty difficult to qualify for - but as long as the borrower can afford the repayments there shouldn't be an issue.
"It's time to ditch the stigma attached to higher LTV mortgages and focus on whether the loan is affordable for the customer.
"More broadly, lenders will take a common sense approach to underwriting, with the Mortgage Market Review reinforcing this. The need to ensure affordability will act as a natural brake on the risks that could arise from high LTV lending."
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