Mr Boulger said he expects the number of 100 per cent mortgages to continue to increase in the coming years as the market moves away from the historic low levels seen in the immediate aftermath of the financial crisis.
He said too many of the interest-only mortgages issued prior to the financial crisis “were taken out by people who wanted a cheaper mortgage, but the increase we have seen now is the result of greater regulatory clarity and more firms entering the market”.
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David.Thorpe@ft.com
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