Liar Loans

Kenny4315

I self-certed on my current main residence, and in 3 years have reduced the debt from £250k to £47k. The riduculous situation is I now can't refinance £47k on a normal mortgage as my main income comes from BTL's. Furthermore the house has increased from £350k to £700k in value in the period due to a full scale rennovation project. Liar loans might not be ideal but some of the current check/tick box mentally imposed is simply stupid !! As shown above.

Graham_Devon

chucky wrote: »

brilliant, absoluletly brilliant. i make something up with no link to any fact and the Professor of Devonian Economics hunts my post down like bull to a red rag because he wants to pull chucky up on one of his posts...

tut, tut graham. i made it up for little frothing clowns like you to get little hard thing going...

i take it this post confused greatly too...

try harder next time

If you did make it up, then you did quite well. There was a thread about self cert's on this forum which held those same figures.

Was around the time Lloyds was ringing customers to move over to repayment instead of interest only.

Nice to see you admit to simply making stuff up to try and make someone else look silly though.

chucky

Graham_Devon wrote: »

If you did make it up, then you did quite well. There was a thread about self cert's on this forum which held those same figures.

Was around the time Lloyds was ringing customers to move over to repayment instead of interest only.

Nice to see you admit to simply making stuff up to try and make someone else look silly though.

i think you made yourself look silly by biting...

Percy1983

Surely the idea was that the banks would make sure you had a buffer to where liar loans could mean you can afford payments but if anything changed you could be in trouble.