Wednesday, Nov 28, 2007
This is going to beat US subprime big time
ThisWasMoney: 10m Britons falling into black hole of debt
"About 3% even fear they are about to lose their home." I think mortgage banks are still hiding these figures
Posted by confused76 @ 08:31 AM (387 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. the reaper said...
'I think mortgage banks are still hiding these figures'
many mortgage banks have been fronting for credit card companies and thus may have no idea of what's going on at all with these debtors
2. Borisina said...
The surprise is, is that anyone could be surprised by these figures. Way back in 2002/2003 there were some people who could see this coming if the brakes were not applied. Even me who knows next to nothing about finance and economics other than being able to see what I earn and then working out what I can spend. The voices who predicted this debacle if caution was not excercised were drowned out by the large flapping mouths of the VI's. What a f*****g mess.
3. daft boy said...
Retail and finance analysts Mintel said that as many as one in three mortgage-holders - more than five million - face real financial hardship due to being relabelled as sub-prime, or high-risk, debtors. My maths are not great but I think 33% UK sub prime may be worse than 5% US sub prime. 6.6 times a bigger problem than the US ? Ridiculous. I must improve on my maths