Lenders not coping!
Looks like the mortgage market is in a bit of a melt down at the moment. As we move towards 18th June and the talk being that estate agent will be back open, the pent up demand is leading to problems. There simply are not enough lenders lending at the higher rates of LTV which means that the ones that are lending at 90% are being swamped. Hearing stories from Accord Mortgages that they have pulled their 90% deals because they do not have the staff to process the volumes! That's ridiculous. Busiest two days that they have had in 17 years according to sources. We need to big boys to join the party and quickly!