Irresponsible Lending/Borrowing14 Nov 2025 16:21
This is how banks should behave….
Lloyd’s manager. “Hello, Mr Cook. How may I help today?
Mr Cook, “I’d like a mortgage for a London house.”
Lloyd’s manager, “Let’s go through this application. How much are you applying for?”
Mr Cook, “£1,500,000 please. The house is £1.65m and I have a deposit saved of £150,000.”
Lloyd’s manager, “Ok. Are you insane? This house was valued at £125,000 only a few years ago! Security, please escort this madman from my bank, this instant!”