Tuesday, Feb 19, 2008
Don't get your hopes up, it's government led!
Citywire: Government launches anti-mortgage-fraud initiative
Alarm bells should start ringing for lenders and buyers when a property deal has to go through a specific broker or solicitor, warned Tom O’Neill, director of buy-to-let specialist Fuel Investment. One broker he knew talked a client into taking out mortgages of 12 times her salary. Then she was advised to take out £100,000 in loans to meet the mortgage payments on two buy-to-let properties. They were later repossessed
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