Monday, Nov 13, 2006
HBOS prepared to blow more air into the house price bubble
TimesOnline: Young professionals get 125% mortgages
HBOS are preparing to offer 125% mortgages to young professionals (based on future earnings potential) to enable them to scramble onto the first rung of the property ladder.
I wonder whether we will reach an era when mortgages based on personal medical checks and your family's health history will be offered.
Posted by denzil @ 09:59 AM (136 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Boarder said...
"I wonder whether we will reach an era when mortgages based on personal medical checks and your family's health history will be offered."
I can't see what the problem with this would be. It would align the risk with the interest rate.
2. little professor said...
OK, so last week it was the 5x income multiple mortgages; then it was the 57-year term mortgages. Now it's 125% LTV mortgages. These truly are the end times.....
3. d'oh said...
Surely the willingness to take on such a mortgage should be seen as proof of future career failure due to congenital stupidity?
4. george monsoon said...
GREED will be the end of us all....
5. sirgoogle said...
Amazing. Esp. considering the report from Sydney. Aus is a coupleof years ahead of us in the housing cycle - and they did not get into so much debt either !