TheCountOfNowhere Posted January 5, 2018 Share Posted January 5, 2018 I guess this is what happens when you bail out bankers and have an establishment that would rather destroying the futures of millions rather than loose money they never earned in the first place. https://www.lovemoney.com/news/11068/the-new-120-mortgage The madness continues. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 5, 2018 Author Share Posted January 5, 2018 Ignore that...that's from 2011. Someone just told me tho 120% mortgages are now available. Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted January 5, 2018 Share Posted January 5, 2018 Interesting, regardless of the year. The driver for the article isn't helping the 'unfortunate', though. The tell is this paragraph: "Think about it: you can’t get new people onto a ladder if a load of people are stuck standing on the bottom rung. That's bad news for property prices all the way up the property chain " Sick. Sick. Sick. Sick. Quote Link to comment Share on other sites More sharing options...
OverInflated Posted January 7, 2018 Share Posted January 7, 2018 A few banks are offering 120% mortgages to existing customers. Scottish widows is one. http://www.scottishwidows.co.uk/bank/mortgages/flex_interest_rates_existing.html Quote Link to comment Share on other sites More sharing options...
JDI Posted January 7, 2018 Share Posted January 7, 2018 The rates on these are unbelievably low for such high risk loans - I don't see how they can possibly get their money back if/when payments are missed. I didn't think we'd see the return of these products after Northern Rock. Quote Link to comment Share on other sites More sharing options...
OverInflated Posted January 7, 2018 Share Posted January 7, 2018 40 minutes ago, Just_Do_It said: The rates on these are unbelievably low for such high risk loans - I don't see how they can possibly get their money back if/when payments are missed. I didn't think we'd see the return of these products after Northern Rock. Quite a few banks seem to be introducing 95% - 100% mortgages too now. I don't need a smaller deposit, I just need lower house prices. Quote Link to comment Share on other sites More sharing options...
HowMuch! Posted January 7, 2018 Share Posted January 7, 2018 54 minutes ago, Just_Do_It said: The rates on these are unbelievably low for such high risk loans - I don't see how they can possibly get their money back if/when payments are missed. I didn't think we'd see the return of these products after Northern Rock. I think the clue is "its not their money" Quote Link to comment Share on other sites More sharing options...
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