Permanent TSB kill off 100% Mortgages

Independant

Investment buyers now will have to front 20%of property value.

Well, they certainly made hay while the sun shone. But should they have been allowed to offer 100% Mortgages in the first place ?

I wonder how many mortgage payers will find that they've got negative equity this year?

Regards...jmcc

I'm gonna guess 30000 currently in that position. But where would we find out for sure. No one is going to divulge that kind of inf.

EvotingMachine0197 wrote:

I'm gonna guess 30000 currently in that position. But where would we find out for sure. No one is going to divulge that kind of inf.

Welcome to the 1980s. I think that FF may find things very rough going and Bertie won't find any mercy from the electorate. I suppose that FF might make Harney the first sacrifice as it begins to circle the wagons.

Regards...jmcc

Finally, an outbreak of common sense.

This is hardly bad news in the long run. They should never have been allowed.