Tuesday, March 10, 2009
How about arrest anyone issued a mortgage post 2005?
Eight seized over mortgage frauds
Police have arrested seven men and a woman over suspected involvement in a massive mortgage fraud worth £40m.
Posted by peter_2008 @ 12:32 PM (866 views)
4 thoughts on “How about arrest anyone issued a mortgage post 2005?”
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rm96696 says:
Can’t imagine why they bothered to falsify pay slips. In 2005-2007 no bank bothered to look at someone’s income before granting a mortgage. After all, house prices always go up so mortgages are risk free, even if the buyer defaults.
jackas says:
Liar loans and no-docs will be banned before too long.
WHY COULDN’T PEOPLE SEE THIS COMING?
hurumph.
fancypants says:
oh look, here’s Leo Appiah again – this time in his guise as a BTL merchant. http://property.timesonline.co.uk/tol/life_and_style/property/investment/article2144752.ece
crunchy says:
Let’s roll out the little patsies! Give me a break, please!