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Here we go again

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    Here we go again

    Northern Rock 'to offer 90pc mortgages' - Telegraph

    State-owned bank Northern Rock is set to once again offer 90pc mortgages, just three years after it was bailed out by the government.


    Boomed! Fill yer boots!

    What can possibly go wrong?


    #2
    It's not offering 90% (or even 125%) Mortgages that is/was the problem - it's getting the funds from cheap US sources that are founded on quicksand and then dry up overnight and destroy your "business model".

    Comment


      #3
      Will people can benefits also get this mortgage?

      That is when we are fully boomed and can go fill the boots.
      Vote Corbyn ! Save this country !

      Comment


        #4
        Originally posted by Peoplesoft bloke View Post
        It's not offering 90% (or even 125%) Mortgages that is/was the problem

        Comment


          #5
          Quick. Pull your money out. It's not safe!!!
          What happens in General, stays in General.
          You know what they say about assumptions!

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            #6
            No worries:

            Posen stirs Bank of England row with another QE plea | Business

            (unless you hold cash rather than property or debt that is)

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