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gruffydd

Labour Am On Mortgages

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I have just been forwarded an e-mail from a Labour AM. This AM suggests that it'd be a good time to take a detailed look at the mortgage market, mentioning the risks of mortgage overborrowing to individuals and the economy at large - it's good to see that some in the Labour Party realise there's a serious problem with mortgage lending.

(AM = Welsh Assembly Member)

Edited by gruffydd

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I have just been forwarded an e-mail from a Labour AM. This AM suggests that it'd be a good time to take a detailed look at the mortgage market, mentioning the risks of mortgage overborrowing to individuals and the economy at large - it's good to see that some in the Labour Party realise there's a serious problem with mortgage lending.

(AM = Welsh Assembly Member)

interesting Gruffydd, which AM

Hwyl

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This AM suggests that it'd be a good time to take a detailed look at the mortgage market,

I would have thought a good time would have been about 4 years ago <_<

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I'm not able to say I'm afraid (forwarded e-mail is confidential). She's represents a SW Wales constituency - that's as far as I can go.

This will probably build into a news story. A few backbench MPs will "report" to Tony and gordon that their constituents have reported problems. Tony and Gord will be "surprised" and launch an investigation.

Will they pass they buck to the finance industry and blame HPI solely on them?

It will tie in neatly with Gordon's admission that there is a bubble in housing. They weren't aware of it before (busy with wars and that) but will "act decisively" to fix the blame.

p.s. not to say that banks don't deserve to get it in the neck, because they have a major case to answer.

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Guest Time 2 raise Interest Rates
I have just been forwarded an e-mail from a Labour AM. This AM suggests that it'd be a good time to take a detailed look at the mortgage market, mentioning the risks of mortgage overborrowing to individuals and the economy at large - it's good to see that some in the Labour Party realise there's a serious problem with mortgage lending.

(AM = Welsh Assembly Member)

It seems ratings agency Moody's also see problems with mortgage lending.

CREDIT WATCH.

The houseing downturn, gloomier economic outlook and consumer debt mountain are casting

a shadow over the creditworthiness of Britain's mortgage lenders, according to ratings agency

Moody's, which also warned that mortgage arrears would rise over the next year. However, it

said the sector was still "healthy and resilient".

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  • 301 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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