The Council of Mortgage Lenders took about 5 minutes to slap down the idea of returning to 2007 lending rates in a press release. Perhaps it was a coincidence that the Nationwide announced the end of all its 90% LTV products.
As of tomorrow you'll need a 15% deposit to become a Nationwide customer - clearly they don't fancy going back to 2007 lending practice and they are the nations biggest building society by a long long chalk.
As I said - bottom is April 2010 at £127k
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