Overstating Income in Britian to get bigger house

Discussion in 'Economics' started by rawman74, Feb 12, 2004.

  1. Nothing unusual...zero income is ok as long as 25% down payment on new purchase or equity in case of refi.
    Been done for years.

  2. dbphoenix


    I suspect that those who are able to spell "Britain" are more succesful with it than those who are not . . .
  3. Mvic


    in the Uk most people (something like 70%+) are on short term variable rate mortgages, many interest only vs 90%+ in the US with long term fixed rate mortgages. BoE just raised rates for the second time.