UK financials How are high loan-to-value mortgage offers trending in the UK?
Increased risk-aversion due to COVID-19 led many banks to raise rates or limit their offering of high loan-to-value mortgages. The situation now appears to be easing.
- Interest rates on high-LTV loans fell in April and May compared to March.
- In particular, Barclays' rates fell by 10bps between April and May.
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Overall Aggregate Mortgage Loan/Value Interest Rate
Source: UBS Evidence Lab
Barclays: Mortgage Loan/Value Interest Rate
Source: UBS Evidence Lab
