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Libdem Chairman Said 30% Deposit On Mortgage Is Too Much

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http://www.bbc.co.uk/iplayer/episode/b00wqcw1/Newsnight_17_12_2010/

at 14 minute each where the Lord Oakeshott had an exchange with a fund manager who countered that do we really want to go back to 90%./ 125% mortgages.

Is it that in Libdem's book, Banks doing its duty= lend 90%+ on mortgages ??

Edited by easybetman

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http://www.bbc.co.uk...ght_17_12_2010/

at 14 minute each where the Lord Oakeshott had an exchange with a fund manager who countered that do we really want to go back to 90%./ 125% mortgages.

Is it that in Libdem's book, Banks doing its duty= lend 90%+ on mortgages ??

Lib Dem was making a prat of himself, looks like he has "investments" :lol: silly w*anker, hedge funder nailed him when he said they want banks to be solvent but not "homeowners" :lol: The whole piece was cut before someone stated the obvious...HOUSES ARE ABOUT 50% OVERPRICED...THEY HAVE TO CRASH!

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30% deposits are too much IMO. Saving 10% of a property should provide adequate insurance to the bank that the borrower is worth a punt - but that's in a sane market, which is pretty far from where we are right now. I didn't watch the clip but hopefully the hedge fund guy is not claiming that new lending regimes are somehow part of a wider responsibility to fix the housing market by the banks and eradicate previous bad practice. Banks ONLY restrict lending to protect themselves from lending their now scare mortgage funds in a falling market, and high deposit is one of their mechanisms for doing this. Sure you can find expensive products at 90% that attempt to price in the risk, but no-one can really qualify if these are being issued.

If Lloyds had the funds to chuck out 90% mortgages on 200K properties and happily package up the sale in a mbs and punt their risk on they would be going full steam ahead. Home ownership should not be the preserve of the wealthy and high paid, but house market should reflect incomes low to high, and allow young professionals to enter the market - and if the requirment is to save 40K before you can do that then it is really quite difficult for people gorwing up, taking their first career steps in a defunct economy to achieve that. Regulation allows rampant BTL etc, as all levels of the market find a new outlet that would otherwise not have existed. It's time to tax the **** out of the BTL brigade. These are the parasites that will exploit the restrictions besetting ftb people.

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http://www.bbc.co.uk/iplayer/episode/b00wqcw1/Newsnight_17_12_2010/

at 14 minute each where the Lord Oakeshott had an exchange with a fund manager who countered that do we really want to go back to 90%./ 125% mortgages.

Is it that in Libdem's book, Banks doing its duty= lend 90%+ on mortgages ??

He coudn't seem to connect the dots between higher bank bonuses and larger mortgages. Tell him if you think a return to higher LTVs is a bad thing.

http://www.writetothem.com/write?fyr_extref=http%3A%2F%2Fwww.theyworkforyou.com%2Fpeer%2Flord_oakeshott_of_seagrove_bay&who=31474

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jeezus - cause and effect are a foreign country to that lib dem pratt heh

He looked rattled, trying to talk through the common sense that the banker guy was talking. The banks have picked up their ******** and gone home, sheeple still playing Homes under the bankers Wad Hammer are going to get their Hairy Ars*ses handed to them on a plate IMO.

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  • 284 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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