Nationwide 125% mortgage raises fears of a return to reckless lending – Daily Mail
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A new 125 per cent mortgage from Nationwide has sparked fears of a return to the reckless lending of the housing boom. The loans are available to existing borrowers who want to move house, but who are in negative equity on their current home. Under …
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It's not really prudent lending, or very sensible for the borrower, unless moving is an absolute necessity.