From the offing, we start with a caveat: I am not endorsing the idea of 100 per cent mortgages, I am providing an explanation about them.
One hundred per cent mortgages are risky for borrowers, banks and the financial system in general - but for the person taking one out, how bad are they if they can sustain payments during the life of the loan?
We all know of examples of people who were and are...
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