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British facing "Northern Rock #2"?

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  • British facing "Northern Rock #2"?

    http://news.bbc.co.uk/2/hi/business/7345171.stm
    These guys made a point of lending to either "Sub-prime" or BUY to let"......Yes am sure everything is just fine!
    Mike

  • #2
    Re: The British are about to face "Northern Rock 2" ?

    Let me spell it out for you. 55% of their lending is on BTL, 24% is self cert or so called liar loans and only the remaining 21% is bog standard mortgages.
    Mike

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