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About Me

Found 2 results

  1. tl;dr: Banks and Building Societies are shifting their lending to OAP's as they are the only ones with assets the bank can go for in case of default. So their children and grandchildren can get fkd out of an inheritance. Not only have they been priced out of the market due to a Bank-led HPI bubble, now the only chance for my generation to own via inheritance is being attacked by these money lenders. vultures, I hope they crash
  2. A little while ago I wrote to my local building society, of which I was a long-standing member, to find out how to propose a motion for their next Annual General Meeting. My intention was to propose a motion that the society should not provide buy-to-let mortgages as these go against the original purpose of building societies, which was the provide the means for members to save and borrow to own their own homes. The society required the signatures of fifty members for a motion to be proposed and would not provide me with any means to contact other members to ask for their support. I withdrew my savings from that society. The Co-operative Party, of which I am a member, is canvassing for policies and one of their themes is housing. I'm going to suggest it should be Co-op party policy that building societies cannot offer buy-to-let mortgages for the reason above. Any thoughts?
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