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100% mortgages

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whatwhat | 20:51 Sun 27th Jun 2010 | Business & Finance
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Does anyone reckon these will ever be happening again??
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No.

See my answer here:
http://www.theanswerb...e/Question702138.html

Chris
'Ever' is a long time and I'm sure that at some stage in the future in a different economic climate and when people have forgotten the consequences they'll be back

But not in the foreseeable future
No, and nor should they. It was a recipe for disaster.
I dont think its the %100 mortgage thats a recipe for disaster. Its borrowing far too much of what you can afford
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