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pandora's box

Banks Agree £200Bn For Businesses

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just need business that needs the cash, at the high rate, and meets the criteria.

Or maybe they wont be able to lend it as no-one wants it.

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£200Bn that won't be lent on houses.

But they are lent against houses and at around 8-10%. Walk in the bank and say you want to borrow £30k for business but won't offer house as security they will

just laugh at you.. It is just a form of MEW (but hopefully used for productive means).

Edited by easybetman

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Just relax the lending criteria. Then when it works, repeat for the housing market.

they wont, they cant...if you are a student with no income, youll get £3K unsecured on a credit card, or many cards and bust up at 100K a few years later.

Run a business, they want the house...YOUR house, guarantees and books to the year 1364, before theyll lend you £10K.

A mortgage fulfills all their criteria...100% backed and based on a salary...unless its a BTL, where its based on nothing other than the possibility of getting a rent arbitrage.

No, bankers have lost their skills dealing with small business...the employers of about 80% of UK private employed.

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Run a business, they want the house...YOUR house, guarantees and books to the year 1364, before theyll lend you £10K.

Now they do. Pre-credit crunch they (specifically Lloyds) were doling out money at a rate that would put any sub-prime lender to shame.

Edited by pandora's box

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Now they do. Pre-credit crunch they (specifically Lloyds) were doling out money at a rate that would put any sub-prime lender to shame.

what I find fascinating is they say "banks agree to lend".

surely, the banks, all competing with each other, earning by lending, would be falling over themselves to lend as part of their daily grind...its like they are reluctant to do this?????

200bn...why not 190?, or 1000 bn?.....surely they should be wanting to lend as much as possible, competing for savers to invest in their banks that are themselves backing profitable propositions, getting this economy moving...

they seem to have lost the skill and the will to do "banking". Selling MBS to mr pension fund muggins for no effort and a ton of commission seems to be about the limit of their skills.

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  • 312 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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