Saturday, Aug 12, 2006

Lenders out of control

Telegraph: Parents step in to help young climb on the ladder

Now that the kids have run out of money, the desperate mortgage lenders are trying to get their parents to throw their savings down the drain. New schemes can add the income of parents or other close relatives to that of the first-time buyer when calculating the size of mortgage available. Madness!

Posted by uncle chris @ 08:56 AM (486 views)
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