U.K. Mortgage Schemes Plunge 79%

14 Jan 2009

The number of mortgage schemes available in the U.K. dropped 79% in 2008 to a record low 5,095, according to Mortgage Brain figures.

The number of mortgage schemes available in the U.K. dropped 79% in 2008 to a record low 5,095, according to Mortgage Brain figures. Hardest hit were variable-rate mortgage schemes, which plummeted 94% last year to 381, down from 6,628 in 2007. Variable-rate mortgages now account for 7% of ...

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