Wednesday, February 20, 2008

Race to the bottom (2)

Death knell for 125% mortgages?

Wot? They're phrasing that as a question?

Posted by mark wadsworth @ 01:20 PM (766 views)
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2 thoughts on “Race to the bottom (2)

  • One BTL wind up merchant on this site (we all know who) said a week or two ago that one of the reasons house prices will not fall this time was the availability of mortgages and BTL products.

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  • 125% mortgages are still available. Northern Rock is apparantly offering them.
    Presumably this will result in government-driven house price inflation again.
    They need it, to keep everyone spending…

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