Jump to content
House Price Crash Forum

Another Mortgage Rationing Story

Recommended Posts

Its the Mail:


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.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 415 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%

  • Create New...

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.