Taxpayer-bailed Northern Rock set to offer 90% mortgages in bid to return to private ownership

 

 

Northern Rock is re-entering the 90 per cent mortgage market for the first time since receiving its government bail-out.

 

The nationalised bank is launching three-fixed rate products for borrowers with only a 10 per cent deposit.

 

The group said it had decided to move back into the market in order to help hard-pressed first time buyers and people who did not have much equity in their property.

 

 

 

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