'Mega-mortgages' out as lenders cap loans
'Mega-mortgages' of the type that allowed Tony and Cherie Blair to buy their £3.65m London townhouse with a 5% deposit have vanished, as lenders rush to cap loans for the richest buyers.
Mortgage lenders are ``killing'' the property market by imposing high loan-to-value levels on their products, argues MoneyExtra.com.