So the Rock was wrong ?

**thunderlizard** · 9 July 2009, 10:41

No. It makes more sense to offer 125% mortgages now than it did 2 years ago.

**Cyberman** · 9 July 2009, 10:47

Originally posted by thunderlizard View Post

No. It makes more sense to offer 125% mortgages now than it did 2 years ago.

With rising unemployment, interest rates going through the roof soon, and a further crash possible...........

**suityou01** · 9 July 2009, 10:47

Originally posted by Cyberman View Post

With rising unemployment, interest rates going through the roof soon, and a further crash possible...........

inevitable

HTH

**thunderlizard** · 9 July 2009, 10:52

Originally posted by Cyberman View Post

With rising unemployment, interest rates going through the roof soon, and a further crash possible...........

Yes. Because some of the rising unemployment and house price falls have already happened in the past 2 years.

**Cyberman** · 9 July 2009, 10:53

Originally posted by thunderlizard View Post

Yes. Because some of the rising unemployment and house price falls have already happened in the past 2 years.

OK... you convinced me !!

**thunderlizard** · 9 July 2009, 10:54

Hindsight is a wonderful thing after all.

**Menelaus** · 9 July 2009, 10:55

Originally posted by Cyberman View Post

http://news.bbc.co.uk/1/hi/business/8141584.stm

This is a dumb-ass idea, and not just for the simple it's a bad idea anyway reason but also because Nationwide are taking a punt that the fall in house prices is over (and it's not).

Run on Nationwide, anyone?

**thunderlizard** · 9 July 2009, 10:58

I hope not. I've got 6 months'-worth of my war chest with them.

So the Rock was wrong ?