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"There are a number of things happening ... we are watching it closely and we will take action," he told the FT.
Mr Carney said the problem was that investors might sell their properties at the same time if house prices fell.
Obviously been watching it for quite some time.
Might all sell, no tulip Sherlock.
The guy always kills me
The Chunt of Chunts. -
So basically, if house prices keep going up, all tickety-boo, carry on BTLers, we salute you.
But, horror of horrors, if by some tragic circustances, prices looks to fall a percent or two, we'll blame BTL for the banks lending exuberances, not the other way round.
Must protect the banker's bonuses at all costs...Comment
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Just put an offer in on two more properties. May as well get in before the stamp duty rise, take a years worth of 7/8% capital growth and then sell out again in 18 months.Originally posted by FatLazyContractor View Post
Easy peasy. Lemon squeezy.What happens in General, stays in General.You know what they say about assumptions!Comment
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Carney can easily force higher interest rates on BTL lending by requiring banks to make much bigger provisions for loss on such lending ... BoE could have done it long time ago...Comment
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He has a much more important focus.Originally posted by AtW View Post
His own mind blowing bonus and gargantuan pension pot.Comment
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So no action on borrow to let then
Socialism is inseparably interwoven with totalitarianism and the abject worship of the state.
No Socialist Government conducting the entire life and industry of the country could afford to allow free, sharp, or violently-worded expressions of public discontent.Comment
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Karney will write a strong worded article for the Sun on dangers of borrow to lets...Originally posted by MicrosoftBob View PostSo no action on borrow to let thenComment
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