Would MF be doomed?

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AtW replied

16 December 2015, 15:10
Originally posted by MicrosoftBob View Post

So no action on borrow to let then

Karney will write a strong worded article for the Sun on dangers of borrow to lets...
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MicrosoftBob replied

16 December 2015, 14:28
So no action on borrow to let then
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DimPrawn replied

16 December 2015, 14:10
Originally posted by AtW View Post

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...

He has a much more important focus.

His own mind blowing bonus and gargantuan pension pot.
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MrMarkyMark replied

16 December 2015, 14:07
Originally posted by AtW View Post

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...

Exactly, I wonder why
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AtW replied

16 December 2015, 14:06
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...
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MarillionFan replied

16 December 2015, 11:53
Originally posted by FatLazyContractor View Post

Carney promises action on buy-to-let property market - BBC News

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.

Easy peasy. Lemon squeezy.
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MrMarkyMark replied

16 December 2015, 10:55
FTFY

Originally posted by DimPrawn View Post

Must protect Carneys bonus at all costs...
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DimPrawn replied

16 December 2015, 10:53
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...
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MrMarkyMark replied

16 December 2015, 10:51
"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
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FatLazyContractor started a topic Would MF be doomed?

16 December 2015, 10:48
Would MF be doomed?

Carney promises action on buy-to-let property market - BBC News
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