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eric pebble

Paragon Urges Government To Throw Lifeline To Buy-to-let Lenders

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Shouldn't the market be left to do it's job?!

Only when the greedy are making money. When they lose money they become "casualties" and "victims" who need state aid.

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It's business. So banks might need to ask to see their business plan again.

Again? Of course not - they never had one. And herein lies the lesson.

Businesses need business plans if you are going to lend them money.

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Guest X-QUORK

I'm amazed Paragon are still going, they must have been suffering badly over the last 12 months.

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Tax payers to support property speculators who exploit those on low incomes - can't see anything wrong with that !

I cant even see this government doing something that stupid......

Then again with so many VIs and snouts at the trough....... :unsure:

BF

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And link to the last thread on this news story.

HPC Wednesday

It's really great to see how far speculative house purchase has fallen. There's hardly any borrowing available for BTL now.

All we'll really be getting are the reluctant landlords who can't sell their main residence and are 'waiting for the market to recover'.

Boy, are they going to in for a long wait.

Good to see that net lending with Paragon is shrinking. There's a lot of debt to pay back so nice to see Paragon setting an example.

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Guest DissipatedYouthIsValuable
miserylady.jpg

BTL cannot be dead!!

*snigger*

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I cant even see this government doing something that stupid......

Then again with so many VIs and snouts at the trough....... :unsure:

BF

i don't know. these neo-socialists we have in power have zero concept of moral hazard.

moral hazard is not some wishy washy term, the risk element in markets should be a counter stabilizer when the inevitable correction comes after bubbles and the overheating markets. As soon as you start bailing the speculators out, you effectively give a green light to unsustainable growth and speculaiton.

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Guest pioneer31

Don't anyone lecture me about the Tories looking after the rich

Labour look after ALL the wrong people.

FACT

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"Only two out of the top 10 buy-to-let lenders in 2007 are now offering products ... One in every nine homes is privately rented property," Mr Terrington added. "Without funding, you lose 12pc of your market. " "

What does he mean? :P The available property market will not shrink by 12 per cent because funding is not available.

1. this only applies to landlords taking out new loans those who have bought cheap would still continue to privately rent out if the sums made sense

2. the slack could be taken up by some of those forced to rent who want to buy

they can make the figures say anything if they have a VI

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Does that picture remind anybody else of Kirsty Allsop?

Not particularly sure of the of the gender of that character (in the photograph)

Either way if that's your typical Bloodsucker-to-let,

then *SPIT* PT-O-O-O-O :ph34r:

Edited by RockingHorse

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what, more lenders in trouble?

whoda thunk it.....I was told by the Bulls the boom was on, QE has rescued it all people are piling in.

look, these guys have had already: millions of help with the homebuy scheme: millions of help with defaulters: QE to help cash flow: falling prices to reduce the loan amounts: Promises by their Principle lenders to lend at 2007 levels:

what else do they want? government agents to force people to borrow? forced Liar Loans? forced valuations? WHAT?????

is it just they need a bail out to pay the rent on their plush offices?

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As soon as you start bailing the speculators out, you effectively give a green light to unsustainable growth and speculaiton.

That's not moral hazard, that's government policy

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