June 9, 2008

More mortgages to choose from

There is no wonder that the finance industry is in such a state, you just have to look at the amount of weird and wonderful mortgages that are available in the market:

Muslim mortgages
Unusual home mortgages
125% mortgages
Builder deposit mortgages
Self certification mortgages
Shared equity mortgages
Shared ownership mortgages
Euro mortgages
Commercial mortgages
Guarantor mortgages
Buy-to-let mortgages

Clearly these products have been created for a specific marketplace, but now that marketplace has changed once more so will be seeing the market return the plain old mortgage?

Source [Quick Move Now]
http://www.quickmovenow.com/2007/11/top-10-unusual-uk-mortgages.html