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Captain Scarlet Lending To Mysterons

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Spectrum Lending has launched a range of mortgages aimed at individuals who are subject to bankruptcy orders.

The products, which cover from light to heavy adverse, include a choice of two- and three-year fixed rates starting from 5.89 per cent. All pricing is based on Bank Base Rate and mortgages are available up to 90 per cent loan-to-value (LTV) on both a full status and self-cert basis.

http://firstrung.co.uk/articles.asp?pageid...1980&cat=47-0-0

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Spectrum Lending has launched a range of mortgages aimed at individuals who are subject to bankruptcy orders.

The products, which cover from light to heavy adverse, include a choice of two- and three-year fixed rates starting from 5.89 per cent. All pricing is based on Bank Base Rate and mortgages are available up to 90 per cent loan-to-value (LTV) on both a full status and self-cert basis.

http://firstrung.co.uk/articles.asp?pageid...1980&cat=47-0-0

Outrageous! - wouldnt be too bad if rates were say 10%, but a deal like that hardly discourages the feckless to worry about bankrupsy.

Ive had it. Think I'll go an load up on debt - get a nice £50k car, plasma, few fancy exotic hols, chuck in a ski trip of 2 etc. Go bankrupt in a few months, and by next year, once prices have dropped, pick up a nice house, on a Spectrum mortgage

You dont even need a job to get one! - they're available on lie-to-buy self-cert basis - fantastic

Edited by jp1

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Outrageous! - wouldnt be too bad if rates were say 10%, but a deal like that hardly discourages the feckless to worry about bankrupsy.

Ive had it. Think I'll go an load up on debt - get a nice £50k car, plasma, few fancy exotic hols, chuck in a ski trip of 2 etc. Go bankrupt in a few months, and by next year, once prices have dropped, pick up a nice house, on a Spectrum mortgage

You dont even need a job to get one! - they're available on lie-to-buy self-cert basis - fantastic

Every dollar is being squeezed out of this industry (lending) now. If you`d have approached backers to get this type of lending to fly, even three years ago, they `d have screamed with laughter. 90% at 1% over base? Unfukinbeleivable :blink:

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Every dollar is being squeezed out of this industry (lending) now. If you`d have approached backers to get this type of lending to fly, even three years ago, they `d have screamed with laughter. 90% at 1% over base? Unfukinbeleivable :blink:

it is different this time, because of things like the above..

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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