Wednesday, Sep 23, 2009

Housing seen as a bad credit risk until prices drop further

Guardian: First-time buyers foiled as mortgages disappear

The subtext is pretty clear. If you want a first time buyer mortgage right now, you'll have to raise a bigger deposit so that the expected losses from nequity accrue to your deposit, not the mortgage.

Posted by paul @ 08:31 AM (626 views)
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