Jump to content
House Price Crash Forum

Now Banks Accused Of Causing Mortgage Famine

Recommended Posts

Britain's mortgage lenders are continuing to apply the brakes to the housing market, with new data revealing that mortgages remain far harder to get than before the credit crisis. Moneyfacts, the personal finance analyst, said that while the number of new mortgages being offered has risen by two-thirds since the beginning of the year, they are only available to borrowers with large deposits.


Link to post
Share on other sites

The thing with this is that either there will be a monster wave of inflation or the banks will go bust as house prices deflate. Its one or the other. If they reduce lending (as they are now) they will ultimately cause their own bankruptcy, much as if they lend too much to the wrong sort of idiots.

Edited by Mikhail Liebenstein
Link to post
Share on other sites

...the Independent and their writers are not too bright ...what do you expect without securitisation and 'funny money'....as for large deposits...if you were lending in a falling market would you not demand a large deposit....the bigger fools are those taking / looking for a mortgage at this time..... :rolleyes:

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 418 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%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.