Was just telling my son a simalair thing.Years ago back in the UK went for a mortgage and my pay was for example 10k,lending criteria at the time was that you would normally be allowed to borrow up to 3 times salary.As it was my first mortgage i was really cautious of borrowing too much however it was the 80s and prices were going up every week.Went to a Building society and walk out with an offer of 60k,needless to say I didnt take them up on their offer.Feel sorry for the people losing out but you have to face up to what you have done
