eric pebble Posted May 22, 2009 Share Posted May 22, 2009 Paragon urges Government to throw lifeline to buy-to-let lenders The Government must extend financial support to specialist buy-to-let lenders or risk crippling the UK's army of private landlords, the head of Paragon warned. http://www.telegraph.co.uk/finance/newsbys...et-lenders.html WTF??!?? :angry: One word: Scum. Quote Link to comment Share on other sites More sharing options...
Financial Hack Posted May 22, 2009 Share Posted May 22, 2009 /crosses fingers hoping the UK's army of private landlords will be crippled, both physically and financially. Quote Link to comment Share on other sites More sharing options...
Fairies Wear Boots Posted May 22, 2009 Share Posted May 22, 2009 Shouldn't the market be left to do it's job?! Quote Link to comment Share on other sites More sharing options...
shindigger Posted May 22, 2009 Share Posted May 22, 2009 SCUM AYE. :angry: Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted May 22, 2009 Share Posted May 22, 2009 The Government must extend financial support to specialist buy-to-let lenders or risk crippling the UK's army of private landlords, the head of Paragon warned. BTL cannot be dead!! Quote Link to comment Share on other sites More sharing options...
Bearfacts Posted May 22, 2009 Share Posted May 22, 2009 Tax payers to support property speculators who exploit those on low incomes - can't see anything wrong with that ! Quote Link to comment Share on other sites More sharing options...
ingermany Posted May 22, 2009 Share Posted May 22, 2009 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. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted May 22, 2009 Share Posted May 22, 2009 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. Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted May 22, 2009 Share Posted May 22, 2009 Tax payers to support property speculators who exploit those on low incomes - can't see anything wrong with that ! Good old New Labour policy I think. Quote Link to comment Share on other sites More sharing options...
Guest X-QUORK Posted May 22, 2009 Share Posted May 22, 2009 I'm amazed Paragon are still going, they must have been suffering badly over the last 12 months. Quote Link to comment Share on other sites More sharing options...
BLOW FLY Posted May 22, 2009 Share Posted May 22, 2009 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....... BF Quote Link to comment Share on other sites More sharing options...
redwing Posted May 22, 2009 Share Posted May 22, 2009 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. Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted May 22, 2009 Share Posted May 22, 2009 BTL cannot be dead!! *snigger* Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted May 22, 2009 Share Posted May 22, 2009 In other news foxes urge farmers to restock henhouses. Quote Link to comment Share on other sites More sharing options...
spivT Posted May 22, 2009 Share Posted May 22, 2009 I cant even see this government doing something that stupid......Then again with so many VIs and snouts at the trough....... 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. Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted May 22, 2009 Share Posted May 22, 2009 Here, throw them this: Quote Link to comment Share on other sites More sharing options...
Guest pioneer31 Posted May 22, 2009 Share Posted May 22, 2009 Don't anyone lecture me about the Tories looking after the rich Labour look after ALL the wrong people. FACT Quote Link to comment Share on other sites More sharing options...
olliegog Posted May 22, 2009 Share Posted May 22, 2009 "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? 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 Quote Link to comment Share on other sites More sharing options...
STRLondon Posted May 22, 2009 Share Posted May 22, 2009 BTL should be encouraged, let the greedy bastards come in for one last try and let them get wiped out. Quote Link to comment Share on other sites More sharing options...
ImA20SomethingGetMeOutOfHere Posted May 22, 2009 Share Posted May 22, 2009 BTL cannot be dead!! Does that picture remind anybody else of Kirsty Allsop? Quote Link to comment Share on other sites More sharing options...
eric pebble Posted May 22, 2009 Author Share Posted May 22, 2009 Does that picture remind anybody else of Kirsty Allsop? yup! Quote Link to comment Share on other sites More sharing options...
ZeroSumGame Posted May 22, 2009 Share Posted May 22, 2009 (edited) 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 Edited May 22, 2009 by RockingHorse Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted May 23, 2009 Share Posted May 23, 2009 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? Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted May 23, 2009 Share Posted May 23, 2009 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 I believe it is Kathy Bates in 'Misery'.http://www.imdb.com/title/tt0100157/ Quote Link to comment Share on other sites More sharing options...
tomandlu Posted May 23, 2009 Share Posted May 23, 2009 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 Quote Link to comment Share on other sites More sharing options...
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