Did I imagine it but didn't a building society recently announce that it wanted to reintroduce 100 percent mortgages?
2 comments:
Anonymous
said...
Perhaps this is what you're thinking of:
"Coventry Building Society has thrown a lifeline to customers in negative equity after becoming the first lender to offer re-mortgage deals worth 100 per cent of a property’s value." (emphasis mine)
http://www.timesonline.co.uk/tol/money/article5759476.ece February 18, 2009
Was it not GB who mentioned in a Budget Speech years back about making mortgages more accessible to "everyday people" and encourage banks to change their lending criteria from the old 3.5x salary to the more "modern" practise of mortgages based on an affordability model? Which then led to 100%+ mortgages?
Would love someone to find that speech (unless I imagined it, or course)...
2 comments:
Perhaps this is what you're thinking of:
"Coventry Building Society has thrown a lifeline to customers in negative equity after becoming the first lender to offer re-mortgage deals worth 100 per cent of a property’s value." (emphasis mine)
http://www.timesonline.co.uk/tol/money/article5759476.ece
February 18, 2009
Was it not GB who mentioned in a Budget Speech years back about making mortgages more accessible to "everyday people" and encourage banks to change their lending criteria from the old 3.5x salary to the more "modern" practise of mortgages based on an affordability model? Which then led to 100%+ mortgages?
Would love someone to find that speech (unless I imagined it, or course)...
Post a Comment