The future for a new generation of people in Britain will imply that they have no chance to buy their own home. Nowadays the preferred deposit for the British borrowers is about 25%, even though a few years ago they could easily lend their whole home’s value. Therefore the mortgage indemnity guarantee (MIG) that returns the greater part of the mortgages, can take away the lender’s concern in these days of falling house prices. However, a profound screening of the borrower could persuade the lender to reintroduce the 100% mortgages.
Matthias Sterckx
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