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gruffydd

Presbyterian Mutual Collapses In Northern Ireland

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Thanks to buy to let...

http://www.newsletter.co.uk/news/There-is-...h-to.4878016.jp

How Christian of them :ph34r:

Worryingly, £111 million – some 60 per cent of the loan book – has funded either the purchase of development land or buy-to-let properties: two of the sectors worst hit by the property crash.

Edited by gruffydd

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Thanks to buy to let...

http://www.newsletter.co.uk/news/There-is-...h-to.4878016.jp

How Christian of them :ph34r:

Worryingly, £111 million – some 60 per cent of the loan book – has funded either the purchase of development land or buy-to-let properties: two of the sectors worst hit by the property crash.

This is a right mess, isn't it?

Time for a bailout.....

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Dunno about Northern Ireland, but if, in England & wales, a Building Society goes t*ts up, would the government bail out savers as they would do for bank savers?

I think its more a big credit union rather than a building society.

If you read the article it does tell you one thing, if you a panicking a about a bank panic early.

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Dunno about Northern Ireland, but if, in England & wales, a Building Society goes t*ts up, would the government bail out savers as they would do for bank savers?

I seem to remember reading some months ago that this was a friendly society rather than a building society so not covered by FSA.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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