Wednesday, February 20, 2008

Race to the bottom

Three lenders scrap 125% mortgage deals as criticism increases

Three mortgage lenders yesterday pulled the plug on deals that allow home buyers to borrow as much as 125% of a property's value - the day after Northern Rock came under fire for offering similar deals.

Posted by inbreda @ 01:15 PM (624 views)
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2 thoughts on “Race to the bottom

  • This made the main headline on Classic FM news at 1400. I did not pick up the name of the commentator, but I waited to hear the crash word in vain. She could not bring herself to utter the word . What I did hear was more amusing – house prices are not continuing to rise. Maybe we should rename the website housepricesrenotcontinuingtorise.co.uk

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  • crash bandicoot says:

    That’s good yorkshireman – how about negativehousepricegrowth.co.uk

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