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Barclays Launches 100% Mortgage to Compete with Bank of Mum and Dad - Video

Housing-Market / Mortgages May 04, 2016 - 02:06 PM GMT

By: Mario_Innecco

Housing-Market

Transcript Excerpt: hi it's out Wednesday's the 4th of May 2016 I'll be talking about Barclays Bank
here in the UK they've just launched the first hundred percent mortgage since the
2008 crisis if you remember well Northern Rock collapse because you know
their lending recklessly so now Barclays Bank is doing the same thing I do have
to say though that it's not surely a hundred percent because it's also called
a guarantor mortgage which basically means that the parents of the young
couple or young person taking on that mortgage they put down 5% the mortgage
in an account with Barclays for three years to guarantee that mortgage and you
know and and the border wars they keep paying the interest and the guarantor


Best regards,

By Mario Innecco

http://forsoundmoney.com
A Futures and Options broker in London for twenty years

Mario Innecco Archive

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