That's it! Boomed again!

[Muttley08]

The market should have gone 5 years ago, but more money in the market from savers in counties like Germany, was lent to chavs in UK. This kept the property high. Credit squeeze will force the market down.

oh AP..love it when you talk financial

[alreadypacked]

oh AP..love it when you talk financial

Ok you really are not getting any

[Muttley08]

no but I've got forearms like iron

[alreadypacked]

no but I've got forearms like iron

and way too much information.

[beaker]

Try again

http://property.timesonline.co.uk/to...cle2497882.ece

[Hart-floot]

The Money Programme had a whole programme devoted to this issue, must have been nearly 5 years ago now, and nothing happened then. So I'm not sure why the BBC are presenting this as news.

Probably the credit crunch and related US subprime mess, Journo's (being lazy s**ds) are following up on similar housing stories in the UK now.

Even heard the "Crash" word mentioned on the BBC recenlty. Perhaps its time to put in that 50% offer on the 2 Bedroom flat in Docklands soon

[DBA_bloke]

The Money Programme had a whole programme devoted to this issue, must have been nearly 5 years ago now, and nothing happened then. So I'm not sure why the BBC are presenting this as news.

Agreed.

Borrowers fib about their earnings? What a scoop! I've never been so shocked, etc..... yawn..... zzzzzz.

A slow news day methinks.

[Bagpuss]

Are they really that laxed here
That's why Northern Rock shares have gone down the toilet.

I was contracting with a building society in Dublin. I was going over some requirment with the underwriting dept. and someone came over with some faxed declarations. The reply was "you can throw that in the bin, that's not the person in that company who signs the declaration, fake. This self-declaration need 2 years accounts, and if this guy is using that account then he has no clue. No, no and no."

I tried to get a BoI credit card, much more stringent than here and a crap limit. Capital 1 however just gave me 16k on 0% no admin fee for 9 months for my stoozing activities (thanks capital one for that free money!)

[brownie74]

Probably the credit crunch and related US subprime mess, Journo's (being lazy s**ds) are following up on similar housing stories in the UK now.

s**ds?

skids?

have i really been out of the UK that long that new swear words are out?