interestrateripoff Posted February 15, 2011 Report Share Posted February 15, 2011 http://www.bbc.co.uk/news/business-12462885 Many first-time buyers must save the equivalent of more than a year's salary to be able to afford a deposit for a home, the Council of Mortgage Lenders (CML) has said.The typical deposit stood at £12,700 at the start of 2007, but rose to £31,500 by the second half of 2010. The figures were released as housing and lending bodies faced government calls to help first-time buyers. However, the actual lenders themselves were not invited to the meeting. Housing minister Grant Shapps summoned various parties to "frank and open" discussions on difficulties facing first-time buyers. The government estimates 1.4 million households want to own their own home, but face a mortgage squeeze. Surely the way forward is for house values to decline so such a large deposit isn't needed? Or we just get the banks to lend silly money again and everyone can have huge debts. Quote Link to post Share on other sites
Democorruptcy Posted February 15, 2011 Report Share Posted February 15, 2011 http://www.housepricecrash.co.uk/forum/index.php?showtopic=159525 Realistbear outpaced you again. Quote Link to post Share on other sites
interestrateripoff Posted February 15, 2011 Author Report Share Posted February 15, 2011 (edited) http://www.housepricecrash.co.uk/forum/index.php?showtopic=159525 Realistbear outpaced you again. Bugger. However I've quoted the story differently so, in fact this isn't the same. Edited February 15, 2011 by interestrateripoff Quote Link to post Share on other sites
Democorruptcy Posted February 15, 2011 Report Share Posted February 15, 2011 Bugger. However I've quoted the story differently so, in fact this isn't the same. You always try weasel your way out of it. Ever considered a move into politics? Quote Link to post Share on other sites
interestrateripoff Posted February 15, 2011 Author Report Share Posted February 15, 2011 You always try weasel your way out of it. Ever considered a move into politics? At the moment I have too much conscience and would agonise over making the wrong decision. I clearly need to attend a course in how to be an effective sociopath, although I think I'd quite like Berlusconi as a mentor as his party's would be fun. He's clearly my choice over Brown/Blair as a mentor. Quote Link to post Share on other sites
Democorruptcy Posted February 15, 2011 Report Share Posted February 15, 2011 Face it. You're past it. You're knuckles are shot from typing. You'll never be the same again. When a racehorse starts lacking pace, they put them over a longer distance or drop them in class. I suppose we could drop him down to 'off topic' and see if he can post a thread first in there. Quote Link to post Share on other sites
Ben is Back Posted February 15, 2011 Report Share Posted February 15, 2011 http://www.bbc.co.uk/news/business-12462885 Surely the way forward is for house values to decline so such a large deposit isn't needed? Or we just get the banks to lend silly money again and everyone can have huge debts. They didn't invite FTB'er or lenders. Who did they invite to this meeting? Considering all the press releases, it sounds like no-one actual turned up Quote Link to post Share on other sites
interestrateripoff Posted February 15, 2011 Author Report Share Posted February 15, 2011 When a racehorse starts lacking pace, they put them over a longer distance or drop them in class. I suppose we could drop him down to 'off topic' and see if he can post a thread first in there. If it's all the same I'd rather be put out to stud with all the young fillies, I've got quite a good track record in that dept. Quote Link to post Share on other sites
Executive Sadman Posted February 15, 2011 Report Share Posted February 15, 2011 BBC is such a load of crock. Why dont they mention what the deposit was in 2000, before Gordon havoc was fully wrecked. Between 2000-2007 FTBs had halved already. Why didnt they ask these questions in 2007? Oh, yes. Wonderful Liebour were in power then. Quote Link to post Share on other sites
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