Tuesday, Mar 10, 2009

How about arrest anyone issued a mortgage post 2005?

BBC: Eight seized over mortgage frauds

Police have arrested seven men and a woman over suspected involvement in a massive mortgage fraud worth £40m.

Posted by peter_2008 @ 12:32 PM (422 views) Add Comment

5 Comments

1. rm96696 said...

Can't imagine why they bothered to falsify pay slips. In 2005-2007 no bank bothered to look at someone's income before granting a mortgage. After all, house prices always go up so mortgages are risk free, even if the buyer defaults.

Tuesday, March 10, 2009 01:17PM Report Comment
 

2. jackas said...

Liar loans and no-docs will be banned before too long.

WHY COULDN'T PEOPLE SEE THIS COMING?

hurumph.

Tuesday, March 10, 2009 01:59PM Report Comment
 

3. fancypants said...

oh look, here's Leo Appiah again - this time in his guise as a BTL merchant. http://property.timesonline.co.uk/tol/life_and_style/property/investment/article2144752.ece

Tuesday, March 10, 2009 02:08PM Report Comment
 

4. crunchy said...

Let's roll out the little patsies! Give me a break, please!

Tuesday, March 10, 2009 02:49PM Report Comment
 

5. This comment has been removed as it was found to be in breach of our Blog Policies.

 

Add comment

Username   Admin Password (optional)
Email Address
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

Main Blog | Archive | Add Article | Blog Policies