We have started to notice some changes in the past few weeks with a slow easing in credit rules.
All the banks are starting to lend again over 80% on properties bought for owner-occupied use.
Clients need to have strong incomes however and little other debt.
Stability in your job, and a saved cash deposit over a period of time helps considerably.
The changes seem to be in line with property prices achieving some stability.
Property investors for the time being will still find it tough.
We can now generally get a major bank to lend to you up to 90%
As independent advisors we can suggest other options available up to 95% of the property value.
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