Sadly for Brits, we followed America into Sub Prime:-
100% Home Loans
125% Home loans
Lie-er Loans
With National Rock...Sorry Northern Rock going into goverment hands the rest of the crimo....Sorry British Banking trade called time on the above.
Just as Peter S C H I F F prodicted, they tightened their lending statards, you will now need in most cases 20% deposit, proof of income and expect it to be checked VERY carfully.
We rather a large number of fixed (Low rate) loans about to reset.....things are looking "Diff-a-cult" for a lot of them..............Rates are going up!
MEga
100% Home Loans
125% Home loans
Lie-er Loans
With National Rock...Sorry Northern Rock going into goverment hands the rest of the crimo....Sorry British Banking trade called time on the above.
Just as Peter S C H I F F prodicted, they tightened their lending statards, you will now need in most cases 20% deposit, proof of income and expect it to be checked VERY carfully.
We rather a large number of fixed (Low rate) loans about to reset.....things are looking "Diff-a-cult" for a lot of them..............Rates are going up!
MEga
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