Following calls from the Prime Minister, Gordon Brown, for more ‘prudent and careful’ lending, the City Minister, Lord Myners, has stated that the 100 percent mortgages that were once so popular in the UK were ‘foolish’. (more…)
Posts Tagged ‘100% mortgages’
100% mortgages were ‘foolish’
Wednesday, March 11th, 2009
100% mortgages could be made available again
Tuesday, January 6th, 2009According to recent reports the 100% mortgage could be on its way back through a government backed scheme aimed at first time buyers and low income households after being wiped from the shelves earlier this year by worried lenders that did not want to take the risks associated with these mortgages during the ongoing global credit crunch. (more…)