Tuesday, Aug 03, 2010
Meanwhile, in a parallel universe...
Financial Advice: Are UK banks controlling the UK property sector?
"Amid signs that the demand for UK property is bubbling below the surface, there is growing concern that UK banks are holding back the UK property sector... As we touched on in one of our earlier articles, 58% of mortgage arrangements available today demand a minimum deposit of 25%... There is no doubt that until we see a significant increase in liquidity, and a reduction in deposit requirements, the UK mortgage market has limited scope for growth in the short term."
Posted by mark wadsworth @ 10:59 AM (651 views) Add Comment
3 Comments
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1. Crunchy said...
Are UK banks controlling the UK property sector?
If the banks can stop the flow of cash, it follows that they can stop the crash, for now.
Taxpayers seem to be funding them to acheive a possible stalemate. Little in, little out = low volitility = consolidation. Simples!
Re : 'cascades economy'
2. a saver said...
... growing concern that UK banks are holding back the UK property sector?
I thought that the banks had a vested interest in keeping property prices high via low IRs, to mitigate their losses?
3. Crunchy said...
2. a saver
They are HIGH. How much higher in price, in this climate would reach miracle levels. Paul Daniels it's over to you!
Recap - who passable