Jump to content
House Price Crash Forum
Sign in to follow this  
longwait

Bank Earnings 50% Down On Mortgages Surely!

Recommended Posts

If banks are only booking in half the amount of new mortgage business that they were doing before the 'crash', then how come their profits aren't too affected.

Have they found 'green' as in Black Adder?

I'm stumped, have they moved on from the retail market. Maybe it was only a tool, to get their honey!!

Share this post


Link to post
Share on other sites

If banks are only booking in half the amount of new mortgage business that they were doing before the 'crash', then how come their profits aren't too affected.

Have they found 'green' as in Black Adder?

I'm stumped, have they moved on from the retail market. Maybe it was only a tool, to get their honey!!

Pure green! Let's call it QE.

Share this post


Link to post
Share on other sites

Because with government support they are borrowing money at around 0.5% and they are lending it out at 5-10%.

The huge profits this is generating are paying the huge writeoffs and also giving nice profits. The government advisors (bankers) have advised the government that it is not in the countries best interest to let the banks go bust.

In essence take money from savers and give it to the banks to stop them going bust (it also stops all the people who borrowed too much money from going bankrupt and generally makes mortgages more affordable)

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.

  • 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%



×
×
  • 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.