Banks will now go back to what they did before......You will go to your Bank see a loans officer, put your case then the manager will either approve or decline your loan, if successful you will pay a one off fee and the normal never ending monthly repayments at an agreed rate. Banks will then tie a home and content insurance package to the loan along with the "one off fee", and try and sell you further work and life insurance plus if under the 20% deposit, mortgage insurance, Banks are still a "Must Have" in any well balanced share portfolio.
