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Mix-Ansicht- GB-Immos: Geht's los? - dottore, 21.06.2004, 15:55
- Re: GB-Immos: Geht's los? - Sorrento, 24.06.2004, 09:22
Re: GB-Immos: Geht's los?
-->Gerade habe ich einen Bericht der BBC vom Februar gefunden, wie in GB in den letzten Jahren Hyps vergeben wurden, dadrüber kann man ja nur noch mit dem Kopf schütteln [img][/img]
Self-cert mortgages could skew market
Could you believe that a bank would invite customers to defraud it? It may sound incredible, but that is what some of Britain's biggest mortgage lenders have in effect been doing.
...
As a result, a flood of illicitly obtained mortgage money may have been pouring into homeowners' pockets, boosting both house prices and consumer spending.
Some major British lenders had changed their lending rules in a way which allowed borrowers to get far bigger mortgages than they were entitled to.
All a borrower had to do was to lie about how much they earned...
But in the increasingly frenzied scramble for business during the housing boom, Britain's biggest mortgage lenders increasingly began to offer a new kind of mortgage where proof of income was not required at all.
With these new so-called"self-certification" mortgages, borrowers simply stated their income and lenders made it clear they would not check the amount borrowers claimed.
Known in the trade as"self-certs" these mortgages, with their lack of income checks, made it simple for borrowers to lie about what they earned.
Having lied, the lender's multiple would be applied to the inflated earnings figure and the maximum mortgage a borrower could get would be increased...
...nine out of ten of the mortgage advisers we consulted recommended we should lie about our £30,000 salary, falsely boosting it to over £50,000 on our mortgage application form.
The effect of the lie was dramatic.
Instead of the £105,000 or so we could have raised on an honest mortgage application, suddenly we were being offered mortgages of around £185,000, giving us vastly more buying power to pump into the local housing market.
Gruss,
Sorrento
<ul> ~ Weiter gehts hier (BBC)</ul>
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