Jump to content
House Price Crash Forum
Sign in to follow this  
Once in a lifetime

Tightening Up By Credit Providers On The Cards

Recommended Posts

Many lenders are also switching to risk-based pricing where the interest rate you pay reflects the risk they believe you represent to them.

Other factors such as unemployment, which has risen steadily over the past five months, and repossession of homes and mortgage arrears, which is also on the rise, have a considerable impact on lender confidence. Personal insolvencies rose dramatically by 36.8 per cent to 15,394 in the second quarter of this year and there has also been an increase in cases of extreme debt with some borrowers having debts of more than £100,000 on multiple cards.


Share this post

Link to post
Share on other sites


Have a read of the Dealing with ddebt board on Motley Fool.

75,000 odd posts and the content of a lot of them suggests that the credit providers' risk models aren't worth a hill of beans when the chips are down.

Share this post

Link to post
Share on other sites
Guest Time 2 raise Interest Rates

My times have changed, Cheltenham & Gloucester are advertising BTL mortgages

at 75% of value. I guess they're hedging their bets a bit.

Edited by Time 2 raise Interest Rates

Share this post

Link to post
Share on other sites
Guest Riser

The government have given the public a rope in the form of lax lending controls combined with artifically low interest rates and the public arebnow about to hang themselves on personal debt and negative equity.

ADVFN Both Germany and Japan since 1991 have had the lowest growth in consumer spending compared to other developed countries, and coincidentaly neither has had any HPI

Share this post

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.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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.