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The Law That Could Stop You Getting On To The Ladder

While the relationship between global financial markets and the ability of homebuyers to obtain a mortgage has become more apparent since the run on Northern Rock and the collapse of Lehman Brothers, the impact of one particular rule on the availability of mortgages has so far been widely overlooked.

The Basel II (pronounced barl) an inernational finance directive introduced in January last year, is the main reason that buyers with small deposits are being turned down for home loans.