Halifax House Price Index May 2016

[GB9]

It does in Japan and it will here the same way...

Not with these mortgages.

[DimPrawn]

Oh look, here's how it will all end up when the debt slaves can't cope any more....

[The_Equalizer]

Oh look, here's how it will all end up when the debt slaves can't cope any more....

And then a nice dose of inflation?

[AtW]

Not with these mortgages.

"A new type of mortgage that would allow parents to pass their property and debt on to their children was launched today by the Kent Reliance building society."

Children to inherit home and debt | Money | The Guardian

Japanese style multi-generational mortgages may help FTBs | Property Reporter

The 40-year-old mortgage you will pass on to your children: House price boom forces buyers to opt for two-generation loans | Daily Mail Online

[DimPrawn]

And then a nice dose of inflation?

Yep. Suddenly we are all millionaires and property seems affordable again...

[GB9]

"A new type of mortgage that would allow parents to pass their property and debt on to their children was launched today by the Kent Reliance building society."

Children to inherit home and debt | Money | The Guardian

Japanese style multi-generational mortgages may help FTBs | Property Reporter

The 40-year-old mortgage you will pass on to your children: House price boom forces buyers to opt for two-generation loans | Daily Mail Online

You're missing the point. There are 100,000s of IO mortgages coming to term end in the next 2-4 years with no way of repaying them.

Are you suggesting they are all going to take out repayment loans over 40 years and their kids are going to agree? And all the other banks are going to produce a similar product? What if the kids can't afford the payments when their parents die? What if the kids have their own house?

And what about the government backed mortgages that the government will no longer issue?

More likely is a form of rental mortgage / equity release whereby the bank takes a proportion of the property on death.

[DimPrawn]

You're missing the point. There are 100,000s of IO mortgages coming to term end in the next 2-4 years with no way of repaying them.

Are you suggesting they are all going to take out repayment loans over 40 years and their kids are going to agree? And all the other banks are going to produce a similar product? What if the kids can't afford the payments when their parents die? What if the kids have their own house?

And what about the government backed mortgages that the government will no longer issue?

More likely is a form of rental mortgage / equity release whereby the bank takes a proportion of the property on death.

Banks will go for a much easier option. Extend the interest only mortgage for another 20 years and the bankers don't have to worry about it any more, they can go back to collecting nice fat bonuses.

It's a non-event waiting to not happen.

[GB9]

Banks will go for a much easier option. Extend the interest only mortgage for another 20 years and the bankers don't have to worry about it any more, they can go back to collecting nice fat bonuses.

It's a non-event waiting to not happen.

And the banks will want the collateral for the pleasure.

The term renting from the bank will become more apt than ever.

Edit: the Government backed mortgages won't be extended without a major policy shift.

[DimPrawn]

And the banks will want the collateral for the pleasure.

The term renting from the bank will become more apt than ever.

Banks will swap debt with central bank, ie they will pass on the risk to the tax payer.

They cannot and will not ever lose!

[GB9]

Banks will swap debt with central bank, ie they will pass on the risk to the tax payer.

They cannot and will not ever lose!

Sorry, late edit to previous post.

The Government wants it's cash back and will take it from non payers.