As UK Housing Bubble Bursts, Barclays Unleashes 100% LTV Mortgages Again…”keep the ponzi dream alive just a little longer.”
by Tyler Durden
ZeroHedge.com
05/04/2016
Just a month after the UK’s luxury housing bubble burst, it appears the nice friendly bankers at Barclays are looking for some scapegoats to flip their condos to. That the housing recovery has been driven primarily by a steady flow of foreign investment, and not necessarily the underlying economic fundamentals improving is becoming clear to everyone and so in what appears a desperate act of deja vu, Barclays has brought back the 100 per cent mortgage – the first major bank to do so since the last financial crisis – to keep the ponzi dream alive just a little longer.
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