Tuesday, November 27, 2007

But… I thought there was no sub-prime in the UK!

Shaming of brokers who encourage house buyers to take on 'unrepayable' mortgages

"One London couple were encouraged to inflate their joint income of around £24,000 to an imaginary £43,500 in order to qualify for a mortgage of £200,000. They found it impossible to meet the repayments."

Posted by papabear @ 05:12 PM (567 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>