1.5m homeowners face 'disaster' if house prices keep falling, MPs warned

whathavewedone

They are not the same as 125% mortgages for FTBS. Agree with you that those should never be brought back.

NE mortgages of the sort available in the mid 1990s are completely different.

chopperharris

The problem is that houses are seen as a way to profit , not a home.

If you intend on buying a house for 20 plus years , grow a family , then downsize , then you have no problem.

If however your borrowing on equity then your shafted.

Moral of the story ,1x 20 percent deposit ,1x 20 year mortgage.Sell up when paid off and downsize.

looks like family values will be returning to the uk , pick the person you want to live with in debt do us part...well until the mortgage is paid off.