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profitofdoom

Banks Not Lending

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It amazes me these people who say that their businesses are being damaged by the lack of lending.One guy on TV had a plumbing and heating business that he appeared to run from a van.Just how much capital do you need for such an enterprise? Then we see apparently well heeled folk who object to putting up their houses as security.Reading between the lines many of these are mortgaged to the hilt and have no equity to offer.If there is a banker out there who wants to lend £1million unsecured please get in touch.I am sure I could come up with a scheme,probably involving a canoe.

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It amazes me these people who say that their businesses are being damaged by the lack of lending.One guy on TV had a plumbing and heating business that he appeared to run from a van.Just how much capital do you need for such an enterprise? Then we see apparently well heeled folk who object to putting up their houses as security.Reading between the lines many of these are mortgaged to the hilt and have no equity to offer.If there is a banker out there who wants to lend £1million unsecured please get in touch.I am sure I could come up with a scheme,probably involving a canoe.

...agreed ...I wouldn't lend to them ...why should a bank..?...when it could be our money as taxpayers anyway..... :rolleyes:

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  • 145 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%



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