Britain's Subprime Mortgage Lending Industry Revealed - BBC Panorama Online Video Documentary
Housing-Market / Subprime Mortgage Risks Oct 09, 2007 - 12:22 AM GMT
The BBC's flagship documentary programme, Panorama investigates the blatant abuses and fraud that has taken place in the Britain's own Subprime mortgage market, which is primed for a crash US style. Watch the programme now online.
A quote from the programme - "With mortgages regularly being sold to people on benefits and some home loans being given at up to 16 times the applicant's salary, Panorama finds out if the mis-selling of mortgages to those with bad credit records could cause a financial crisis in Britain similar to that in the US."
By Sarah Jones
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