KBC reduce Mortgage offers to 80% ltv
15 November 2011
KBC have reduced their maximum loan to value to 80%.
This is a disappointing development and reflects their concern with mounting arrears on their home loan book.The Irish subsidiary included substantial provisions in the recently released group accounts.
KBC would be considered a conservative lender and this move comes as a surprise as house prices are very close to the bottom and KBC have always placed greater emphasis on the quality of applicants Income
We hope they will return to higher ltv's in the future because the Country needs Foreign Banks of their status to be open for business.