chem1st Posted December 23, 2011 Author Share Posted December 23, 2011 I didn't know these self certified mortgages existed. When I had mortgages I always had to prove my income and really that's how it should be. Lending large sums of money to someone who cant afford it is immoral. It helped houseprices rise by 200% whilst wages rose by only 33%. Link to comment Share on other sites More sharing options...
chem1st Posted December 23, 2011 Author Share Posted December 23, 2011 There is if you can't raise one by telling the truth..and you want one.. That's not the case with a small one though is it. Your only going to lie to get a big one. (One that you can't afford to take on by telling the truth) Link to comment Share on other sites More sharing options...
truman Posted December 23, 2011 Share Posted December 23, 2011 That's not the case with a small one though is it. Your only going to lie to get a big one. (One that you can't afford to take on by telling the truth) Depends on your income and the amount your after..it's all relative isn't it? Link to comment Share on other sites More sharing options...
Nagel Posted December 23, 2011 Share Posted December 23, 2011 No blame on the mortgagee then? No, I don't blame the mortgagee for irresponsible lending. I just think they are stupid, but it's the lenders who are immoral in lending large sums of money to stupid people. Neither a borrower nor a lender be, For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. Link to comment Share on other sites More sharing options...
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