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

Another Mortgage Rationing Story

Recommended Posts

Its the Mail:

http://www.dailymail.co.uk/news/article-2538917/A-mortgage-Only-cope-rate-rise-Potential-buyers-stress-tested-lenders-major-crackdown.html

Basically, stress test for 7% IRs.

I've seen a comment in a number of places, here included, that part of Carney's plan is some sort is mortgage rationing.

If this is true then HTB stuff is nothing more than a bit of ineffective sugar.

Only the unencumbered, under-leveraged and solvent need apply.

On a side note, in my circle of friends I've not heard of any taking a new mortgage on.

Hardly suprising as most have mortgages that they cannot afford. Im outside of London by the way.

The only house exchange I know of is someone how exchange a nice but small 1.5 bed house for a dirty old man's probate house which offered an extra bedroom and more space. They jumped through hoops to transfer their existing mortgage - which they can longer afford - hours cut, etc.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   206 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.