Monday, Nov 13, 2006

HBOS prepared to blow more air into the house price bubble

TimesOnline: Young professionals get 125% mortgages

HBOS are preparing to offer 125% mortgages to young professionals (based on future earnings potential) to enable them to scramble onto the first rung of the property ladder.
I wonder whether we will reach an era when mortgages based on personal medical checks and your family's health history will be offered.

Posted by denzil @ 09:59 AM (395 views)
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5 Comments

1. Boarder said...

"I wonder whether we will reach an era when mortgages based on personal medical checks and your family's health history will be offered."

I can't see what the problem with this would be. It would align the risk with the interest rate.

Monday, November 13, 2006 10:53AM Report Comment
 

2. little professor said...

OK, so last week it was the 5x income multiple mortgages; then it was the 57-year term mortgages. Now it's 125% LTV mortgages. These truly are the end times.....

Monday, November 13, 2006 01:08PM Report Comment
 

3. d'oh said...

Surely the willingness to take on such a mortgage should be seen as proof of future career failure due to congenital stupidity?

Monday, November 13, 2006 01:37PM Report Comment
 

4. george monsoon said...

GREED will be the end of us all....

Monday, November 13, 2006 03:26PM Report Comment
 

5. sirgoogle said...

Amazing. Esp. considering the report from Sydney. Aus is a coupleof years ahead of us in the housing cycle - and they did not get into so much debt either !

Monday, November 13, 2006 08:53PM Report Comment
 

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