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Offshore Joe

New Bank Rules - Basle Ii

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Hi All,

Not sure that I fully understand this, but it looks like "cheaper" mortgages could be used to prop up house prices and cheaper credit cards to prop up retail spending.

MSN Money

It'll all end in tears..... but then again, by 2007 house prices will have fallen AND there'll be cheaper mortgages = Win-Win situation!


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Can't see this being a bad thing myself.

As long as there is a criteria. IF they are choosing low risk borrowers they are obviously sensible with money and would not borrow based on the monthly payment but the debt as a whole. If it was open to every Tom, Dick and Harry then the houseprices will rise because silly people will borrow based onthe monthly.

I shall be keeping my eye on this one. :rolleyes:

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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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