'Bank of mum and dad' lends £5bn a year in UK, says L&G

[MrMarkyMark]

100% mortgages are back!

Who needs BOMAD?

Barclays offers 0% deposit mortgage to home buyers | Money | The Guardian

The selfie stick generation can rock up and buy a house. Sorted.

Next week, self-cert 125% mortgages with free Porsche on the drive. It's 2007 all over again.

Ace

Oh, hang on, haven't we been here before

[PurpleGorilla]

100% mortgages are back!

Who needs BOMAD?

Barclays offers 0% deposit mortgage to home buyers | Money | The Guardian

The selfie stick generation can rock up and buy a house. Sorted. And they will lend 5.5 x income.

Next week, self-cert 125% mortgages with free Porsche on the drive. It's 2007 all over again.

Needs 10% security though.

[DimPrawn]

Needs 10% security though.

True, but whoever gives the security gets interest paid on it, and get's it back after five years.

[BrilloPad]

100% mortgages are back!

Who needs BOMAD?

Barclays offers 0% deposit mortgage to home buyers | Money | The Guardian

The selfie stick generation can rock up and buy a house. Sorted. And they will lend 5.5 x income.

Next week, self-cert 125% mortgages with free Porsche on the drive. It's 2007 all over again.

And the good news is that when 2008 comes around, the taxpayer picks up the bill and prints more money to solve the problem. Easy-peasy....

[DimPrawn]

And the good news is that when 2008 comes around, the taxpayer picks up the bill and prints more money to solve the problem. Easy-peasy....

And this time, after the stock market loses 50% of it's value and house prices fall 30%, we know to fill our boots with both using all the loverly tax payers money.

Rinse and repeat!

[unemployed]

Good for you.

I'm well aware CUK is full of high achievers, many without BOMAD help.

[unemployed]

Stop bloody whinging then.

I have a younger brother of 26, he doesn't go on, like you do, he just got on with setting up his own business. Looking at 50k profit this year, he only started just over a year ago.

PS. No BOMD for any of the 3 of us, we all run our own businesses.

Doing?

[MrMarkyMark]

Doing?

Ones in property management, one in graphic design.

[bobspud]

I remember a guy who's parents bought him a brand new mx5 on his final year at uni. Who does that!?!

Actually makes quite a lot of sense.

1) Its new so you know the car is mechanically sound.
2) Its a two seater so no chance of them turning into mr taxi. So no distractions while getting used to driving it
3) It will handle better than most tulipty little first cars so at least if the kid is a dick the car will help out a bit more than a 10 year old 106.
4) You can stick a black box in it that basically guarantees that they will behave themselves.
5) you can probably get it on a finance deal for less than £200 a month.

When I was in Merc the other week some lucky girl was getting an SLK for her 21st... I think my mate was paying close to nothing for his.

[unemployed]

Ones in property management

estate agent fully managed lettings ??