Friday, Nov 23, 2007
From Friday 23rd funds into the housing markets will be even shorter
Guardian: UK sub-prime specialist stops mortgages for risky buyers
"As a result of the recent further tightening in the global capital markets, Kensington is increasing its focus on lower risk products by temporarily withdrawing its Adverse range until market conditions improve."The entire Kensington Adverse range will be withdrawn from close of business on Friday 23rd November 2007."Several high loan-to-value buy-to-let mortgages and self certification mortgages to self-employed workers will also be scrapped." YES YES YES YES YES THE MARKET IS DEAD
Posted by confused76 @ 08:04 AM (394 views) Add Comment
3 Comments
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1. lvmreader said...
Do you have a heartbeat? Right you're risky!
Do you work for a FTSE100 firm? Right you're risky!
2. inbreda said...
Well - this will take quite a few potential buyers out of the market.
Combined with the apparent flood of properties onto the market, and I think we will have plummetting prices very soon.
3. dohousescrashinthewoods said...
Yup - supply up, convertible demand down - QED RIP ;)