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Radio 5 Now : Fsa Trying To End Io Mortgages!


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HOLA441
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HOLA442

Surprised this hasn't been posted... surely this is huge!?

I, like the presenter would like to know, how many would be affected by this?

/edit... oops, i see there is already a thread... sorry!

linky to first thread on this? ta!

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HOLA443
linky to first thread on this? ta!

There are at least three other threads - where are the Mods?

This one is my favourite because it starts with links to the FSA documents:

http://www.housepric...howtopic=147043

.

Edited by Timm
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HOLA444

Surprised this hasn't been posted... surely this is huge!?

I, like the presenter would like to know, how many would be affected by this?

/edit... oops, i see there is already a thread... sorry!

Curiously, I think that the answer is none. Those on IO will be allowed to stay on them and those that don't have them won't be able to get them.

p-o-p

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HOLA445

Curiously, I think that the answer is none. Those on IO will be allowed to stay on them and those that don't have them won't be able to get them.

p-o-p

Yes - but those that wanted them but could no longer get them would have a massive impact on the market...

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HOLA446
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HOLA447
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HOLA448

Yes - but those that wanted them but could no longer get them would have a massive impact on the market...

Ah happy memories of this site's halcyon days. A person who cannot, from their own means and borrowing, purchase a property is not a participant in the market anymore than someone who is not selling their house or flat.

House prices are the data of sales completed.

p-o-p

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HOLA449
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HOLA4410

This is really turning into a classic boom and bust.

Regulation loosened on the way up.

Then tightened on the way down !!!

I remember being refused a mortgage in the mid 90s by some banks - and it was only 70% LTV 1.5x my salary !!!!

They saw a £47k loan on a 3 bed semi in the SE as too much of a risk !!

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