Monday, Feb 26, 2007
100 p/c mortgage borrowing soars
Daily Mail: 100 p/c mortgage borrowing soars
The number of first-time buyers taking out a mortgage greater than the value of their home has risen by 50 per cent.
Posted by cash_buyer @ 02:16 PM (194 views) Add Comment
1 Comment
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1. bidin'matime said...
"Many in the market still view these products as the final resort for mortgage borrowing. However, as seen through the increasing number of buyers opting for these products in 2006, these mortgages are now a very real solution for first-time buyers who stand little hope of entering the housing market without them."
A very real solution!? A recipe for disaster if you ask me.