Next year will be another tough one for the housing market with new mortgages only being made available to people who can put down 110% of the amount they wish to borrow, according to the Council of Mortgage Lenders (CML).
Banks and Building Societies will also add an additional 3% arrangement fee, or the new buyer’s firstborn.
Bloodsucking, heartless banks blame the government. “Frankly, we just see this as a unique opportunity to really line our pockets, but we’d never admit that", they admitted yesterday.
Labour introduced its Support for Mortgage Interest benefit for poor people a few years ago, but the greedy, uncaring bastards who are now in power have revoked this privilege on the grounds that having everyone equally unable to get their hands on a mortgage is ‘progressive’.