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First Sign Of The "credit Crunch"

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This just shows what I have said in the past. BoE rates do not matter that much. (1) lenders do not have to follow them and (2) they can decrease the number of new stretched FTB in many other ways by tightening their lending rules. (3) they can increase the costs to other borrowers in many other ways.

I think the credit crunch is well underway in the UK. If I was a mortgage lender, I'd be crunching my credit rules right now. If the lending market is exhausted or contracting, the way you stay in business is by tightening your belt, not chasing the last few borrowers.


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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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