Tuesday, Sep 30, 2008
From the property porn channel
Channel 4 news: Buy-to-let mortgage deals nosedive
One in 10 mortgages has been pulled during the past 24 hours following the nationalisation of Bradford & Bingley, figures showed. The number of buy-to-let loans has nosedived, with just 481 different deals now available, a 27% fall on Monday's figure of 662, financial information group Moneyfacts said.
Posted by whostolemyendowment @ 06:33 PM (485 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. planning4acrash said...
OMG, there will be NO finance at all by November, with ALL those ending a fixed deal ending up paying full LIBOR tracking tracker mortgages. Note that LIBOR appears high but is artificially suppressed. That cannot happen for ever. It will soar pretty soon, like a beachball. I see LIBOR going in the 100's or 1000's of % overnight once the banking system grinds to a halt. It has happened before, I believe that happened in Scandanavia during their banking crisis.
2. malct said...
yup it's a biggy
but what is perception?
3. planning4acrash said...
Hmm, good point. From our perspective, the crash is great, so long as the free markets create the new order, bypassing the new world order, and, so long as we get fed and don't loose all our wealth in the upheaval.
It really is looking like a total collapse of western capitalism by the end of night 5 of the Mayan Calendar, which will be Nov 13th, Malct, S2R1 may have the last laugh!