Boom'n'Bust Posted August 12, 2005 Share Posted August 12, 2005 About half of the repossessions were from buy-to-let investors who struggled to make repayments. http://www.in2perspective.com/articles/rep...ket-for-b-b.jsp Quote Link to comment Share on other sites More sharing options...
gilf Posted August 12, 2005 Share Posted August 12, 2005 http://www.in2perspective.com/articles/rep...ket-for-b-b.jsp<{POST_SNAPBACK}> Total rubbish, there is nothing wrong with the BTL market. In fact rents are going up, my mate said so. I'm sure we will see a massive drop in the repossesion figures from now on because the interest rate cut last week. I'm sure these people were only having short falls of £12-£15 a month which will now be covered. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 12, 2005 Share Posted August 12, 2005 This is going to be an interesting set of stats to keep an eye on. Finance director, Rosemary Thorne:“There’s nothing to be concerned about. The level of arrears has been totally in line with our expectations, given the rises in interest rates.” Which haven't risen *that* much beyond what I would have factored in. Just goes to show how keen people are to skate on thin ice. The mortgage lender insisted that: “The housing market is achieving the soft landing that we predicted at the end of the year and house prices have remained broadly static.” On a background of next to no sales (in my local area 2 in 7 months, ~10s still not sold). Quote Link to comment Share on other sites More sharing options...
Badger Posted August 12, 2005 Share Posted August 12, 2005 'Total rubbish, there is nothing wrong with the BTL market. In fact rents are going up, my mate said so. I'm sure we will see a massive drop in the repossesion figures from now on because the interest rate cut last week. I'm sure these people were only having short falls of £12-£15 a month which will now be covered.' Yeerrr, Rrriiight - This has to be a post from a Bear being ironic, surely Quote Link to comment Share on other sites More sharing options...
Boom'n'Bust Posted August 12, 2005 Author Share Posted August 12, 2005 (edited) Total rubbish, there is nothing wrong with the BTL market. In fact rents are going up, my mate said so. I'm sure we will see a massive drop in the repossesion figures from now on because the interest rate cut last week. I'm sure these people were only having short falls of £12-£15 a month which will now be covered. <{POST_SNAPBACK}> Usually you BULLS want evidence from us BEARS to backup our statement. Well what more can be solid evidence other than a Lender saying that repossessions have shot up? Oh and btw, I'm sure your mate's right and the rest of UK's wrong.. Edited August 12, 2005 by Boom'n'Bust Quote Link to comment Share on other sites More sharing options...
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