tag:blogger.com,1999:blog-2948538160252327076.post2475614523106729360..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Brown wants to end 100 percent mortgagesAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2948538160252327076.post-33987254433830619462009-02-22T16:57:00.000+00:002009-02-22T16:57:00.000+00:00Was it not GB who mentioned in a Budget Speech yea...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?<BR/><BR/>Would love someone to find that speech (unless I imagined it, or course)...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-61505921475650847752009-02-22T15:03:00.000+00:002009-02-22T15:03:00.000+00:00Perhaps this is what you're thinking of:"Coventry ...Perhaps this is what you're thinking of:<BR/><BR/>"Coventry Building Society has thrown a lifeline to customers in negative equity after becoming the first lender to offer <B>re-</B>mortgage deals worth 100 per cent of a property’s value." (emphasis mine)<BR/><BR/>http://www.timesonline.co.uk/tol/money/article5759476.ece<BR/>February 18, 2009Anonymousnoreply@blogger.com