Friday, Oct 23, 2009
Are lenders about to start lending again?
The Economic Voice: Are lenders about to start lending again?
The Bank Of England released figures yesterday that show mortgage rates have increased despite the reintroduction of riskier mortgage products and all this in the light of 0.5% base rate. It makes you wonder what the game plan is for the lenders who are not passing on the benefits of such low rates and it also makes you wonder about how toxic the banks balance sheets really are.
Posted by titaniccaptain @ 05:38 PM (431 views) Add Comment
3 Comments
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1. cynicalsoothsayer said...
No
2. crunchy said...
There are more profitable and zero risk ways to make money in a market and a system that can take candy from a baby.
3. crunchy said...
The retail banking sectors remit now is to "drip feed" that very system.
"Are lenders about to start lending again?"
The answer is YES, but a bigger NO.