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First Direct will lend up to 80 per cent on its offset mortgage.
Its 10-year mortgage deal stands at 2.55%, and it will lend up to 85% of a home's value.
On second mortgages, Weichert will lend up to $100,000, compared with $400,000 on a first mortgage.
The Federal Housing Administration FHAanotherther agency that will lend up to 97% of a property's value, has meanwhile been filling the vacuum left by subprime lenders.
Our piece on America's contingent liabilities (September 26th) wrongly said that the Federal Housing Administration FHAA) will lend up to 97% of a property's value.
Many of the largest banks have tough rules on lending into retirement, whereas a number of building societies will lend up to 80 or 85-plus.
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We will sometimes lend up to 50percentt.
NatWest re-entered the interest-only market last year, but requires someone to earn £100,000 excluding bonuses, and will only lend up to 75% of the property's value.
"Most lenders now will only lend up to 75 per cent of the value of a second home, but the biggest blow to second home buyers is that most lenders have withdrawn their interest only products," he says.
Those that continue to make such loans, Ms. Cohn said, will often lend up to only 60percentt of the home's value, while others place a cap of $100,000 on the amount of cash a borrower can extract from the home.
Some will only lend up to £1,000, but some of the bigger ones may offer larger loans or even mortgages.
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