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Fraudulent Mortgages Video

brit1234
brit1234 Posts: 5,385 Forumite
in House buying, renting & selling
Hi, here is a news report showing how mortgage brokers are still getting customers to lie about their incomes to get a mortgage and even provide fake pay slips.

http://video.news.sky.com/skynews/video/?&videoSourceID=1317242&flashURL=/feeds/skynews/latest/flash/mortgages_270508_0900.flv

This is the famous lier loans that have helped keep properties overvalued and contribute to the British Sub Prime market that you will hear more about in the coming months as prices fall.:exclamati
:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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Comments

  • dmg24
    dmg24 Posts: 33,920
    10,000 Posts
    Forumite
    brit1234, you're not allowed that linky in your sig ;) x
    Gone ... or have I?
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Changed.

    Has anyone here been offered an inflated wage mortgage?
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
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