Lend­ing squeeze ‘dis­pro­por­tion­ate’

Yorkshire Post - Property - - PROPERTY -

Banks seem to be tight­en­ing their lend­ing, ac­cord­ing to sur­vey­ors e.surv.

The av­er­age loan-to-value (LTV) dropped to 57.2 per cent in Septem­ber from a two-year high of 58.1 per cent in Au­gust, the biggest fall in LTVs in a year.

Not all buy­ers are be­ing treated equally. The squeeze is tight­est for those buy­ing lower value prop­erty, while those buy­ing more ex­pen­sive homes have seen far less change in their ac­cess to fi­nance.

Richard Sex­ton of e.surv says: “Tighter loan to value cri­te­ria have hurt ev­ery­body, but those at the bot­tom of the lad­der have been hit dis­pro­por­tion­ately.”

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