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Northern Rock/NRAM mortgages

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    DavidT67 wrote: »
    Indeed many were high LTV and interest only.

    2008 was not so long ago really.

    10 years is long enough to have started reducing the debt owed, albeit slowly. For the majority of people there's a choice as to how they prioritise where they spend their money.
  • Woody3337
    Woody3337 Posts: 1 Newbie
    Fourth Anniversary
    I'm sorry but I would like to know and have been reading about this, it's a valid question and I think if you dont know you should not reply and let people who do answer!!
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    https://forums.moneysavingexpert.com/discussion/434228593
  • kingstreet
    kingstreet Posts: 39,268 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    csgohan4 wrote: »
    Did they include self declaration income mortgages as well?
    No. NR always requested proof of income.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • diggingdude
    diggingdude Posts: 2,492 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Woody3337 wrote: »
    I'm sorry but I would like to know and have been reading about this, it's a valid question and I think if you dont know you should not reply and let people who do answer!!
    Should the taxpayer be sued for saving people's homes after they took out so much debt? No
    An answer isn't spam just because you don't like it......
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