Jump to content
House Price Crash Forum
Sign in to follow this  
Golden Shower

Hbos Shuts Midshires Branches

Recommended Posts

From the article:

"Halifax bought BM in 1999 for 780 million pounds. Since then its savings balances have doubled to 12 billion pounds and mortgage assets have trebled to over 32 billion pounds."

I find that phrase interesting. Aren't 'mortgage assets' really debts because the money used to supply the mortgage in turn is borrowed from others in the banking system?

More double-think?

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.

Guest
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.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 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.