RBS tightens 100% home loan criteria

ROYAL Bank of Scotland has become the latest lender to tighten up its criteria by pulling its 100 per cent loan-to-value (LTV) mortgage range, sold through external financial advisers. While 100 per cent mortgages will still be available through RBS’s branch network, people will not be able to apply for them through mortgage brokers. Since the credit crunch, most lenders have limited their maximum LTV – the proportion of the value of a property someone can borrow on a mortgage – to reduce the a