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Archive for July, 2009

Hello

Apologies for a lengthy absence.

Anyhow the OFT has just published guidanceon second charge lender.  House wouldn’t be surprised if many of you had experience of dubious lenders dishing out such loans left right and centre. House expects this was probably more so when property prices were rocketing and so wonders if this guidance is rather to late to help many. Indeed House has seen many loans apparently given in the hope that prices would rise as when they were given there wasn’t actually any equity to secure the loan against.

 Ho hum better late than never and House guesses it could be handy especially the next time lenders smell the attraction of rising house prices. Although quite how useful the OFT is anyones guess.

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