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CITY VIEWS: SHOULD NATIONWIDE BE OFFERING THE 125 PER CENT MORTGAGE?

<strong>MATT WING </strong> MATT WING ASSOCIATES<br />&ldquo;If you already have equity in a house then it might be okay. I can see that it would appeal to people in that position, but there will be those who take it and cannot afford it. I think other banks could start to offer the same thing.&rdquo;<br /><strong><br />STEPHEN THOMPSON </strong> TALBOT UNDERWRITING<br />&ldquo;I don&rsquo;t agree with it. Irresponsible lending is why people are in the situation they are in now. It is a real gamble, prices may well go up or down. I think it would be better to stick with it rather than risk being in worse debt. &ldquo;<br /><br /><strong>JOGA SINGH </strong> ORANGE BUSINESS SERVICES<br />&ldquo;If it is existing customers with a credit history with Nationwide, then why not? I am sure there are plenty of people to whom it would appeal. It is the building society&rsquo;s responsibility to decide who they should lend to.&rdquo;<br /><br /><strong>ASHLEY MAYES </strong> REAL RESOURCING<br />&ldquo;I guess it depends on individual situations, it could be better for some than others. Although you never know what the market is going to do and the property you buy next could not go up in value and you will stuck there for years.&rdquo;