Imminent Brexit affects mortgage costs and availability!

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Hobosapien replied

3 October 2018, 08:43
Originally posted by GreenMirror View Post

Who wants to tie themself into that much debt even if they could afford the deposit?

Solution is house price crash.

Depends if wage inflation is likely to happen, which is how traditional debt was eroded so over time it becomes less of a burden.

The 'house price crash' is so long overdue even the 35% brexit bollox is too little too late. Needs a house price reset where all residential property is down valued by 50%, the negative equity is debt jubileed, and no more borrowing to buy residential property as an investment, you can only own one home unless you have the cash to buy more outright.
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DimPrawn replied

2 October 2018, 20:00
Originally posted by Paddy View Post

Yet another prediction has come true which adds to the evidence of an impending financial crisis greater than 2008.

If there was a crash 10 years ago, I certainly didn't notice it.
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Paddy replied

2 October 2018, 18:11
Originally posted by DimPrawn View Post

Mortgage bonanza as lenders slash rates and fees for homeowners, first-time buyers AND landlords | Daily Mail Online

NatWest and Bluestone launch range of Help to Buy Shared Equity products
Mortgage rates fall across the board for both first-time buyers and remortgagors
Buy-to-let mortgage rates at their lowest since records began in 2012

Doomed! Cheap mortgages for everyone...

Yet another prediction has come true which adds to the evidence of an impending financial crisis greater than 2008.
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GreenMirror replied

2 October 2018, 14:15
Who wants to tie themself into that much debt even if they could afford the deposit?

Solution is house price crash.
Leave a comment:
Hobosapien replied

2 October 2018, 13:51
Originally posted by DimPrawn View Post

Mortgage bonanza as lenders slash rates and fees for homeowners, first-time buyers AND landlords | Daily Mail Online

NatWest and Bluestone launch range of Help to Buy Shared Equity products
Mortgage rates fall across the board for both first-time buyers and remortgagors
Buy-to-let mortgage rates at their lowest since records began in 2012

Doomed! Cheap mortgages for everyone...

Lock in the historically low rates for the next 5 or 10 years and the Fed can raise the USA rates all it wants and only savers care how the UK follows.
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DimPrawn started a topic Imminent Brexit affects mortgage costs and availability!

1 October 2018, 17:41
Imminent Brexit affects mortgage costs and availability!

Mortgage bonanza as lenders slash rates and fees for homeowners, first-time buyers AND landlords | Daily Mail Online

NatWest and Bluestone launch range of Help to Buy Shared Equity products
Mortgage rates fall across the board for both first-time buyers and remortgagors
Buy-to-let mortgage rates at their lowest since records began in 2012

Doomed! Cheap mortgages for everyone...
Tags: cheap borrowing, thanks brexit :-)