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  • It didn’t end well

    Not surprised.. but if he'd managed to hang on he would be laughing now.

    Pre-07 bank lending was just on a different planet, but I am sure there are people out there that would be in a much worse financial situation today if they hadn't got a 100%+ LTV Northern Rock mortgage as an FTB.

  • For sure. Friends of ours bought a fixer-upper with a 110% Northern Rock mortgage which they later sold for well over twice what they paid. It’s set them for life.

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