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Reply to: BOGDAGM

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Previously on "BOGDAGM"

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  • LondonManc
    replied
    Originally posted by DimPrawn View Post
    Bank of Grandad and Granma...

    Older borrowers may be offered mortgages into their 80s and 90s - Telegraph

    Back to 2007 then. Multigenerational, 125% mortgages with a free car. Fill yer boots, it will end well I'm sure.

    More bank bailouts and higher taxes to pay for it all when it goes a bit wrong.
    All about LTVs but essentially its lower risk for banks - they'll have an asset which they have first dibs on when codger shuffles off their mortal coil.
    £400k house, £200k equity in it. House gets sold, bank gets its money back and estate gets the rest. Much lower risk and if the mortgage holder's a stiff, no repossession needed to get the Daily Heil up in arms about.

    Leave a comment:

  • DimPrawn
    started a topic BOGDAGM

    BOGDAGM

    Bank of Grandad and Granma...

    Older borrowers may be offered mortgages into their 80s and 90s - Telegraph

    Back to 2007 then. Multigenerational, 125% mortgages with a free car. Fill yer boots, it will end well I'm sure.

    More bank bailouts and higher taxes to pay for it all when it goes a bit wrong.
    Tags: None

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