Wednesday, Sep 23, 2009
Housing seen as a bad credit risk until prices drop further
Guardian: First-time buyers foiled as mortgages disappear
The subtext is pretty clear. If you want a first time buyer mortgage right now, you'll have to raise a bigger deposit so that the expected losses from nequity accrue to your deposit, not the mortgage.
Posted by paul @ 08:31 AM (286 views) Add Comment
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