Thursday, Sep 30, 2010
How the ban on 'liar-loans' will hit house prices
MoneyWeek: How the ban on 'liar-loans' will hit house prices
New rules on self-certified mortgages could wipe out a big chunk of demand in the housing market. That could send house prices crashing further
Posted by damien @ 09:25 AM (724 views) Add Comment
2 Comments
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1. hpwatcher said...
not before time too.
2. tenyearstogetmymoneyback said...
How to reduce the Government debt.
Go through the records of Lloyds and RBS (in which the Government is the majority shareholder.
Use income tax records to work out who lied on their mortgage applications.
Repossess their houses and sell them at auction with no compensation for any profits since these were fraudently obtained.