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Making tea. Absolute 80s on. There's a new FCA advert - Can you afford your mortgage????? There's new lending rules coming in end of this month. Don't forget about council tax etc etc etc. Makes a change after listening to countless 'Your money is safe with the FCA looking on'. http://www.fca.org.uk/consumers/financial-services-products/mortgages/mortgage-market-review 'In the past, some people were allowed to take out a mortgage they could not afford. This led to some of them falling behind with their payments or losing their home.' You don't say . . . Here's the rules: http://www.fca
Two of our favourite pundits (Boulger and Bien) discussing MMR this lunchtime (http://www.bbc.co.uk/programmes/b041469n) Can't help wondering if Melanie forgot her lines when Paul Lewis turned the topic to house prices (at 10 mins 20 sec). Went something like this: PL: House prices: Is there a bubble as we've heard this week? MB: We- well I'm not convinced ... I mean the market is crazy in places like London... PL: That sounds like a bubble to me MB: Well, but ... b ... it's ... they're very abnormal ... um ... the ... er ... situation. You've got very few transactions which are pushing