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The Masked Tulip

House Prices Set To Slump Even Further As Home Loans Stay Scarce

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Housing market double dip - good excuse for QE2.

They must keep up house prices.

http://www.independent.co.uk/news/business/news/house-prices-set-to-slump-even-further-as-home-loans-stay-scarce-2067057.html

There is anecdotal evidence that the long period of forbearance exercised by banks and building societies towards borrowers may be drawing to a close. In any case, the general trend in lending is weak.
Edited by The Masked Tulip

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The Bank also reports a disturbing rise in the volume of bad loans being written off by lenders – £3.2bn of loans to individuals went bad in the second quarter of this year, a record high, and a much worse rate of delinquency than for companies.

And with prices falling, it's little wonder that mortgage lending criteria will remain sensible...

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  • 220 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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