Once in a lifetime Posted September 7, 2005 Share Posted September 7, 2005 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. http://business.scotsman.com/index.cfm?id=1903422005 Quote Link to comment Share on other sites More sharing options...
backtoparents Posted September 7, 2005 Share Posted September 7, 2005 http://business.scotsman.com/index.cfm?id=1903422005<{POST_SNAPBACK}> Stable doors and bolted horses spring to mind. Having said that now an image of a friend of a friend at a fancy dress party in jodphurs with her riding crop springs to mind. Thanks Scotsman! Quote Link to comment Share on other sites More sharing options...
Bluelady Posted September 7, 2005 Share Posted September 7, 2005 You can tell it's the silly season, can't you? Not only a complete non story but an old one at that. Quote Link to comment Share on other sites More sharing options...
Elizabeth Posted September 7, 2005 Share Posted September 7, 2005 The great irony of risk based responses that themselves are the cause of most of the risk. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted September 7, 2005 Share Posted September 7, 2005 Bluelady, 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. Quote Link to comment Share on other sites More sharing options...
Guest Time 2 raise Interest Rates Posted September 7, 2005 Share Posted September 7, 2005 (edited) My times have changed, Cheltenham & Gloucester are advertising BTL mortgages at 75% of value. I guess they're hedging their bets a bit. Edited September 7, 2005 by Time 2 raise Interest Rates Quote Link to comment Share on other sites More sharing options...
Guest Riser Posted September 7, 2005 Share Posted September 7, 2005 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 Quote Link to comment Share on other sites More sharing options...
delboypass Posted September 7, 2005 Share Posted September 7, 2005 Do you have a URL onlyme?? Quote Link to comment Share on other sites More sharing options...
Once in a lifetime Posted September 8, 2005 Author Share Posted September 8, 2005 Do you have a URL onlyme??<{POST_SNAPBACK}> http://boards.fool.com/Messages.asp?bid=100145 http://boards.fool.com/Index.aspx?ref=topnav Quote Link to comment Share on other sites More sharing options...
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