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Santander "to Start Looking At Discretionary Spending, Including Presents & Subscriptions During Mortgage Applications"


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HOLA445

"

Matt Griffith, a spokesman for Priced Out campaign group for affordable homes, said: ‘This is ridiculous – no one fails to repay their home loan because they buy gifts for their grandma. ‘Banks are constricting lending to first-time buyers while concentrating on the richer pickings of equity-rich homeowners and investors. "

Banks are sensible not wanting to lend to people who list shopping or drinking as a hobby maybe?

In the old days if you wanted a mortgage you

- had to save for a deposit

- had to show a good history of saving

- were generally expected to scrimp and save to furnish the place too and not have everything shiny and new.

The sooner we return to this, the more chance prices have of going to sensible levels.

The banks lending money that won't get repaid is a waste of time.

sadly we have been hoping for anything for houses prices to going to sensible levels, again i dont think this will do anything, :(

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HOLA446

Amazing how Santander are still in business after taking over so many crappy UK banks and not closing them.,

There are 3 Santanders within 100 yards of one another at a town near me. IIRC one used to be the Alliance and Leicester, another the Bradford and Bingley, and the third Abbey National.

You must be in Slough ES.

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