Originally Posted by
DanW@FastFord
It's only irresponsible if they can't afford it surely? Or is that the point?
I'm just relieved that I got on the property ladder a good few years back... it was a 105% mortgage IIRC!
Well no, 5% deposit, if the arse drops out then they're in negative equity.
Thought lenders were asking for high deposits to guard against this.