Thursday, September 30, 2010

How the ban on ‘liar-loans’ will hit house prices

How the ban on 'liar-loans' will hit house prices

New rules on self-certified mortgages could wipe out a big chunk of demand in the housing market. That could send house prices crashing further

Posted by damien @ 09:25 AM (1251 views)
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2 thoughts on “How the ban on ‘liar-loans’ will hit house prices

  • not before time too.

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  • tenyearstogetmymoneyback says:

    How to reduce the Government debt.

    Go through the records of Lloyds and RBS (in which the Government is the majority shareholder.
    Use income tax records to work out who lied on their mortgage applications.
    Repossess their houses and sell them at auction with no compensation for any profits since these were fraudently obtained.

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