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TheCountOfNowhere

Ray Boulger On Lbc This Evening

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Just caught the end of what I suspect was some property ramping on LBC

Basically, some chap, Ray Boulger was telling a bloke with debts and ccj's to his name he might struggle to get a mortgage but there were some specialist lenders who might help him.

!!!! WTF !!!! This whole thing is going to destroy the UK,

This as right at the end of the show and as they were saying there goodbyes they said something about the mortgage market changing dramatically in 2 weeks time.

What is that about ?

I might have misheard it as I was screaming at the radio at the time.

Mortgage's for CCjs....Aka predatory liar loans as some might say.

Did 2007 never happen ?

Am I Bobby ****ing Ewing ?

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This as right at the end of the show and as they were saying there goodbyes they said something about the mortgage market changing dramatically in 2 weeks time.

What is that about ?

Mortgage market review (MMR) rules come into effect 26/4 i believe ,some lenders have already implemented them

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Just caught the end of what I suspect was some property ramping on LBC

Basically, some chap, Ray Boulger was telling a bloke with debts and ccj's to his name he might struggle to get a mortgage but there were some specialist lenders who might help him.

!!!! WTF !!!! This whole thing is going to destroy the UK,

This as right at the end of the show and as they were saying there goodbyes they said something about the mortgage market changing dramatically in 2 weeks time.

What is that about ?

I might have misheard it as I was screaming at the radio at the time.

Mortgage's for CCjs....Aka predatory liar loans as some might say.

Did 2007 never happen ?

Am I Bobby ****ing Ewing ?

I believe it's true.I have been saying all along (for all these years) that those "huge numbers" of imaginary "rich foreign buyers" have nothing to do with high property prices.

It is liar loans, 10x (and more) salary multiples,etc.. (which are much more fraudulent than HTB,QE,special liquidity scheme,pension withdrawals,...) which will continue increasing the housing hysteria and housing prices until the whole economy collapses. Even the collapse might not ever happen because Big Daddy (the Government that "helps" all of us) will continue inventing the computer money for the banks,"investment funds",..

Just today, on BBC it was reported that developers who sit on the large land banks will get "help" from the Mayor of London (Boris Johnson,read Government) to start new developments because they "have no money" and because they "cannot borrow from the banks".

I mean, who is mad/stupid here?

Obviously - the sheeple who fall for this c**p.

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I mean, who is mad/stupid here?

I think (from what people keep telling me!) that it is us! The people that are sensible with money and who not want to try and buy a house at silly multiples of income.

I've completely stopped thinking about buying a home in this country now. I'll keep renting and saving for now and in a couple of years (if there still has been no HPC!) I'll be looking for a job in another country.

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Mortgage market review (MMR) rules come into effect 26/4 i believe ,some lenders have already implemented them

an actual answer...well done...so in theory it'll get harder to borrow?

so...they are on radio telling people it'll be harder to get a mortgage in 2 weeks.....BUY NOW...JUST IN CASE YOU MISSED OUT ON THE LAST COLLAPSE.

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Just caught the end of what I suspect was some property ramping on LBC

Basically, some chap, Ray Boulger was telling a bloke with debts and ccj's to his name he might struggle to get a mortgage but there were some specialist lenders who might help him.

!!!! WTF !!!! This whole thing is going to destroy the UK,

This as right at the end of the show and as they were saying there goodbyes they said something about the mortgage market changing dramatically in 2 weeks time.

What is that about ?

I might have misheard it as I was screaming at the radio at the time.

Mortgage's for CCjs....Aka predatory liar loans as some might say.

Did 2007 never happen ?

Am I Bobby ****ing Ewing ?

You are sounding like Oscar Pistorius now, just answer the question, is Ray Boulger a **** or is Ray Boulger a ****?

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an actual answer...well done...so in theory it'll get harder to borrow?

so...they are on radio telling people it'll be harder to get a mortgage in 2 weeks.....BUY NOW...JUST IN CASE YOU MISSED OUT ON THE LAST COLLAPSE.

Allegedly they are going to do crazy things like check your stated earnings and other unsecured debt then stress test @7% interest rates i think

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Allegedly they are going to do crazy things like check your stated earnings and other unsecured debt then stress test @7% interest rates i think

...then give them the government backed subprime mortgage away :lol:

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You are sounding like Oscar Pistorius now, just answer the question, is Ray Boulger a **** or is Ray Boulger a ****?

hang on, i think i know the answer to this one...

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You are right to include "allegedly", HTB was kicked in too early, and George and Co. will have a job to keep it from going chest up before the GE. That is why various Village Idiots are wheeled out, suggesting the great unwashed buy. Who will be first to discredit the new mortgage regs? It should be very easy.

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You are right to include "allegedly", HTB was kicked in too early, and George and Co. will have a job to keep it from going chest up before the GE. That is why various Village Idiots are wheeled out, suggesting the great unwashed buy. Who will be first to discredit the new mortgage regs? It should be very easy.

:lol: Funny name by the way. Good point, HTB came too early, and they are going to run out of petrol fumes to keep the burnt out "engine" that is our economy going.

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Allegedly they are going to do crazy things like check your stated earnings and other unsecured debt then stress test @7% interest rates i think

Haha, yeah, it should be tested up to 15%... but of course it could never go that high again, could it?

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You are right to include "allegedly", HTB was kicked in too early, and George and Co. will have a job to keep it from going chest up before the GE. That is why various Village Idiots are wheeled out, suggesting the great unwashed buy. Who will be first to discredit the new mortgage regs? It should be very easy.

I think we will find the new reg's being watered down in a few month if there is any slow down in HPI! You know the 'experts' at the BOE are watching house prices very closely at the moment, its just they didn't say when they might act! (its only when house prices might go down, BTW :P)

Edited by renting til I die

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You are right to include "allegedly", HTB was kicked in too early, and George and Co. will have a job to keep it from going chest up before the GE. That is why various Village Idiots are wheeled out, suggesting the great unwashed buy. Who will be first to discredit the new mortgage regs? It should be very easy.

I was hoping that was the case but my brother tells me Australia brought in the same scheme several years ago and their bubble hasnt burst yet because of it.

So long as they can keep the banks awash with cash then the bubble will either get bigger or just stay at its ludicrous inflated level.

It really was different this time, to keep a property bubble inflated for 11/12 years as they have is impressive manipulation.

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Mortgage market review (MMR) rules come into effect 26/4 i believe ,some lenders have already implemented them

The natwest were very keen to approve my mortgage before 1 April.

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I think we will find the new reg's being watered down in a few month if there is any slow down in HPI! You know the 'experts' at the BOE are watching house prices very closely at the moment, its just they didn't say when they might act! (its only when house prices might go down, BTW :P)

No, they arent watching house prices...they are watching the lending figures.

House prices are invisible to them....thats why they can do nothing about the London Housing bubble...it doesnt even show on their radar.

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I can't believe so many regular posters here are unfamiliar with the mortgage rules that are coming into place this month :blink:

These were penned as the response to the financial crash in 08, but spent so much time being reviewed, lobbied against, watered down and can-kicked that they couldn't be in place until now.

See more at these two links: My link

Mortgage applicants are unprepared for 'third degree' questioning

Edited by rantnrave

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I can't believe so many regular posters here are unfamiliar with the mortgage rules that are coming into place this month :blink:

These were penned as the response to the financial crash in 08, but spent so much time being reviewed, lobbied against, watered down and can-kicked that they couldn't be in place until now.

See more at these two links: My link

Mortgage applicants are unprepared for 'third degree' questioning

http://www.theguardian.com/money/blog/2014/apr/12/fca-mortgage-test-problem

:rolleyes:

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CML members having used the implementation of the MMR to pump up the housing bubble. You can imaging the kind of conversations were future borrowers were told to jump on the bandwagon or miss the boat.

I suspect that we'll see a drop in HPI over the next few months. Whether its enough to gain traction fast enough before the next prop for the market can be rushed out only time will tell. I think the public having seen the ramping stories in the media and occasional warnings might just turn against the market. Let's hope that the drop off of HPI and market volume is used by the VIs and it scares the sheeple.

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I can't believe so many regular posters here are unfamiliar with the mortgage rules that are coming into place this month :blink:

These were penned as the response to the financial crash in 08, but spent so much time being reviewed, lobbied against, watered down and can-kicked that they couldn't be in place until now.

See more at these two links: My link

Mortgage applicants are unprepared for 'third degree' questioning

sensible lending is the watchword these days...banks wont change their current behaviour after the deadline as doing so would be to publicly admit they arent sensibly lending.

and a light touch by the regulator is assured as the housing market pricing is principle to Government policy.

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