The current mortgage market is seeing problems at present, after so many months of offering sub-prime mortgages, many lenders have had to revise their lending criteria for their mortgage products.

It was always in the pipeline for a 125% mortgage to be the next step, but after recent events it was thought not to be on the horizon anymore. Despite this Abbey have decided to push on as normal - if they are the only financial institute offering this type of product they will certainly be the market leaders.

The mortgage product on offer is a 100% mortgage with a further 25% secured loan in addition. Of course this is totally dependent on the applicants circumstances.

Abbey says; "We are currently piloting a 100 per cent LTV plus product in our branches and through key brokers... we thought it prudent to run this as a pilot scheme only."

So who will go with this type of product? It is likely to be targetted at and appeal most to first-time buyers who find it difficult getting on the property ladder with todays house prices.

A mortgage expert at Moneyfacts.co.uk wants to remind borrowers who are thinking about this type of mortgage to "remember they are starting their mortgage effectively in negative equity, requiring over 25% growth in the property market before they can see any equity in their property."

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