Wednesday, Feb 20, 2008
Race to the bottom (2)
BBC: Death knell for 125% mortgages?
Wot? They're phrasing that as a question?
Posted by mark wadsworth @ 01:20 PM (437 views) Add Comment
2 Comments
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1. Landedgentry said...
One BTL wind up merchant on this site (we all know who) said a week or two ago that one of the reasons house prices will not fall this time was the availability of mortgages and BTL products.
2. Patrick said...
125% mortgages are still available. Northern Rock is apparantly offering them.
Presumably this will result in government-driven house price inflation again.
They need it, to keep everyone spending...