Nervous lenders to cut 500% mortgages - Lynndo

[geckko]

[*Nervous lenders to cut 500 per cent mortgages * (https://www.independent.ie/national-news/lynns-wife-accuses-banks-of-negligence-1219370.html)

TWO of the country’s biggest lenders are about to scale back on their 500 per cent mortgages. From Tuesday, only a select few lawyers will be able to borrow 5 times the full price of their home from First Active and Ulster Bank.

Previously, both lenders offered these mortgages to all self certifying lawyers buyers. However only well connected “developers” will be able to get 500 per cent mortgages. Many canny and savvy solicitors will only be able to borrow up to 250 per cent of the value of their home.

[Orwellgeorge]

[Dreaded_Estate]

[shanegl]

https://www.wizardsforum.co.uk/images/smiles/hystery.gif

[BertieBasher]

https://www.wizardsforum.co.uk/images/smiles/hystery.gif

[2Pack]

Lynns missus is a solicitor , Brid Murphy.

Ms Murphy has accused banks of negligence for failing to run proper checks on undertakings given by her husband relating to their family home.

So her defence is that solicitors undertakings are worthless.

WTF

[johnny_utah]

Lynns missus is a solicitor , Brid Murphy

In affidavits, Ms Murphy said she was a clinical nurse manager, not a lawyer, and had been unwell earlier this year and underwent a biopsy last April.

Irish Indo 8th Nov

independent.ie/national-news … 14979.html

[daltonr]

Nurse = Public Servant.
At least she’ll still be able to get a 100% mortgage.

-Rd