Thursday, Feb 14, 2008
Is the glass half empty or half full?
Ray Boulger's blog (Charcol): Repossessions in 2007 not as bad as expected
There is likely to be a sharp increase in the number of repossessions of heavy adverse sub prime borrowers who are unable to remortgage as a result of lenders tightening their criteria. Some deals which could have been done with several lenders 6 months ago are now just not doable. On the other hand most people other than recent First Time Buyers now have a reasonable amount of equity in their property and also it is hard to estimate the impact of the new breed of sale and leaseback operators which have sprung up in the last couple of years.
Posted by tamsin bishton @ 04:39 PM (148 views) Add Comment
- 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
No comments have been submitted.
Be the first person to add your comment by completing the form below.