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Previously on "Homebuyers could be forced to pay bigger deposits in plan to cap mortgage lending"
Are you a new moderator, the people police or just a twat? The board is there to be used by all it's members as they so desire unless instructed otherwise by a moderator.
You'll have to excuse d00rkg. He is on a bit of a crusade these days. Trouble is, he bumbles from one thread to another trying to be relevant, but fails spectacularly. He troggles along at rock bottom, occasionally stopping to dig.
Hey dummy, you already posted about mortgage deposit levels today: http://forums.contractoruk.com/gener...mortgages.html Why not resist the urge to start a new thread every time you have a thought (4 or 5 a day is too many threads, but too few thoughts).
Are you a new moderator, the people police or just a twat? The board is there to be used by all it's members as they so desire unless instructed otherwise by a moderator.
Hey dummy, you already posted about mortgage deposit levels today: http://forums.contractoruk.com/gener...mortgages.html Why not resist the urge to start a new thread every time you have a thought (4 or 5 a day is too many threads, but too few thoughts).
Homebuyers could be forced to pay bigger deposits in plan to cap mortgage lending
Mortgage lending could be ‘capped’ to stop borrowers taking out insecure loans, according to a senior Bank of England official.
The Bank’s Deputy Governor Charlie Bean said ‘direct constraints’ may be needed to restrict access to credit.
This could mean homebuyers being forced to put down sizeable deposits - for example, between 10 and 25 per cent of the home’s value - before being approved for a mortgage by their banks or building societies. (AtW's comment: FFS, wasn't that amount more or less just recently?)
It is the first time that a senior official has indicated that the Bank may intervene directly with new rules to stop risky lending.
It is one of the possible new powers handed to the Bank under the government’s proposed restructuring in its Financial Services Bill due later this year.
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