Lenders snub Cat mark

Few lenders have brought Cat-standard mortgages onto the market, despite the Government heralding them as a fair, clear and easily comprehended alternative. Only Coventry Building Society, Direct Line, Royal Bank of Scotland, Yorkshire Building Society, Hinckley & Rugby Building Society and Egg have launched Cat-standard mortgages, while Cheltenham & Gloucester has dropped the application fee on its flexible mortgage to make it compliant. However, nothing has yet emerged from the UK's largest lenders Nationwide and Halifax. Halifax said that it is planning to launch a qualifying produc...