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Return Of Liar Loans Via The Back Door

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This Czech lender was mentioned on Radio 4 a few weeks back. Was it Moneybox?


Selfcert.co.uk, backed by private equity investors, will launch with a tracker loan priced at 2 per cent above the Bank of England base rate.

Under normal market conditions, self-cert mortgages were more expensive because they were higher risk, but this rate is similar to a mainstream two-year fixed-rate loan.

It will lend up to £500,000 at 85 per cent loan to value, so borrowers will need only a 15 per cent deposit. Fees will be competitive, too, at about £600.

Edited by Eddie_George

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Lol. Money laundering for the gypsies...

And where is the assurance or guarantee that the koruna/sterling exchange rate won't shift over the term of contract?

I say anybody who wants (and is dumb enough) to take a mortgage/loan using foreign currency is welcome to it.

How about a Nigerian bank? Or one from Zimbabwe?

Edited by cashinmattress

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