Loans for 130 per cent of property value released

Buyers can now take out a mortgage for 130 per cent of the value of their home. Mortgage Express, the specialist lending arm of the Bradford & Bingley Group, has released its Max 130 product to the whole of the UK, following successful trials in Northern Ireland.The new product allows homebuyers to borrow significantly more than the value of their property, with no higher lending fee, at a fixed or discounted rate. Mortgage Express explains that the Max 130 mortgage is designed to meet th