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Originally Posted by Graham
Too many people are already lying on Self-Certificated mortgage applications, saying they're earning as much as two or three times their real income, to get a mortgage, but if interest rates go up by another percent or two, they're going to find themselves in severe problems trying to repay their loans.
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there is no accurate figure for the amount of self certificated mortgages, although it sits at about 30-40%, most people rely on the interest rates to stay low, atthe current conditions of over borrowing through credit and mortgages, the assessment is rates
will be going up.