Daily Boom

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Doggy Styles replied

6 September 2011, 13:07
Originally posted by AtW View Post

Vince keeps pressing the banks to lend more money.

That's lending to business. That's his job isn't it? I thought he told them to tighten up mortgage qualification.
Leave a comment:
AtW replied

6 September 2011, 11:27
Originally posted by Doggy Styles View Post

I thought Vince was going to outlaw that?

Vince keeps pressing the banks to lend more money.
Leave a comment:
TimberWolf replied

6 September 2011, 11:24
Originally posted by DimPrawn View Post

That would be a nice touch.

Either your BTL "portfolio" makes you a property billionaire, or you walk away scott free.

All underwritten by UK PLC.

But the current system means they can stay put and have their houses paid for by pensioners and savers, and coincidentally means bankers get big bonuses too. Surely that's fairer?
Leave a comment:
DimPrawn replied

6 September 2011, 11:10
Originally posted by PAH View Post

Just need 'them' to implement a similar system to the USA, where you can walk away from a property in negative equity without having to pay the shortfall.

That would be a nice touch.

Either your BTL "portfolio" makes you a property billionaire, or you walk away scott free.

All underwritten by UK PLC.
Leave a comment:
PAH replied

6 September 2011, 11:08
Just need 'them' to implement a similar system to the USA, where you can walk away from a property in negative equity without having to pay the shortfall.
Leave a comment:
DimPrawn replied

6 September 2011, 10:59
Originally posted by Doggy Styles View Post

I thought Vince was going to outlaw that?

If you can't save at least 10% of a house price you can't afford the house.

Daft mortgages are going to handcuff interest rates even longer.

You can't lose, as no money down.

The bank can't lose, as the tax payer will bail them out.

EVERYONE IS A WINNER. IT'S LIKE FREE MONEY FOR EVERYONE!
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Doggy Styles replied

6 September 2011, 10:55
I thought Vince was going to outlaw that?

If you can't save at least 10% of a house price you can't afford the house.

Daft mortgages are going to handcuff interest rates even longer.
Leave a comment:
AtW replied

6 September 2011, 10:41
Looks like I might be needing one of those soon
Leave a comment:
DimPrawn started a topic Daily Boom

6 September 2011, 10:34
Daily Boom

100% home loans make a comeback: Three years after the crunch, bank lures buyers | Mail Online

Fill yer boots!

I'll have 1000 BTL please. No problem, that will be no pounds deposit. Okay here you go.

Kerrrchinng!

What could possibly go wrong with this? Glad to see the world has learned from the Credit Crunch™ If there is such a thing.
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