In June 2000, 9% of private sector renters and 14% of private sector mortgagers
had a residual income ratio of less than 30% of their income.
Available to both purchases and re- mortgagers
with loans up to 75 per cent of the property value, this scheme has no fee and no compulsory insurance.
US investment bible Barron's prompted the latest stock market rout for US mortgagers
Freddie Mac and Fannie Mae, saying the Government might have to rescue the pair in a move likely to wipe out shareholders.
He went to the first mortgagers
and told them he could run the properties better than they could, and that he would work for free.
Heavy fines when he was caught saw him in Fleet (debtors')Prison by 1616 with his lands taken by mortgagers
, though was buried in Westminster Abbey''.