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 Permanent TSB kill off 100% Mortgages

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Fourth Master: Growth
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PostSubject: Permanent TSB kill off 100% Mortgages   Thu Mar 13, 2008 1:31 pm

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 ?
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PostSubject: Re: Permanent TSB kill off 100% Mortgages   Fri Mar 14, 2008 2:23 am

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

Regards...jmcc
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PostSubject: Re: Permanent TSB kill off 100% Mortgages   Fri Mar 14, 2008 2:28 am

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.
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PostSubject: Re: Permanent TSB kill off 100% Mortgages   Fri Mar 14, 2008 3:28 am

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
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PostSubject: Re: Permanent TSB kill off 100% Mortgages   Fri Mar 14, 2008 12:35 pm

Finally, an outbreak of common sense.
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PostSubject: Re: Permanent TSB kill off 100% Mortgages   Fri Mar 14, 2008 1:10 pm

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