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.
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.