Jump to content
House Price Crash Forum
Sign in to follow this  
quilan

Return Of Liar Loans Via The Back Door

Recommended Posts

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

https://www.quickloans.co.uk/quick-news/self-cert-update

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

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   35 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.