I can only assume that the criteria for this 90% LTV mortgage is extremely tight and will therefore only be available to a minority of people. Otherwise, what's the alternative? We are returning to high risk mortgages in the depths of depression?
I cannot imagine that this 90% mortgage is as readily available as the headline suggests. Nationwide has proven to be very prudent mortgage provider in years gone by and a good reader of the market. I have no reason to believe they might have lost their heads during the coronavirus pandemic lol
As people have mentioned, this is not the high risk approach to mortgage finance that the initial headline seems to suggest. Whether it is helpful in the midst of the coronavirus pandemic is debatable but this is not a return to high risk mortgage finance.