| With effect from Friday 8 February 2008 for new business and until 4 April for approved applications, Future Mortgages will reduce the maximum LTV rate from 90% to 85% on all secured loan applications. |
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| This new maximum will apply to both Status and Self Certification applications and all other product features and underwriting criteria remain unchanged across the entire Future Mortgages secured loan product range. |
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Ian Warrilow, Head of Secured Lending commented: “This decision in no way diminishes our commitment to the Secured Loans sector, which is demonstrated by the recent launch of our new Fixed Rate loan. Future Mortgages will continue to review the market and develop new products to meet the needs of our clients and the market.”
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