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El_Pirata

Boe Worried About Lax Lending

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Mortgage backed securities - please take a sheet on the way out.

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I really wonder who is buying these things, and therefore where the impact of the crash will be felt. Hopefully not the banks holding my deposit!

Oh by the way the credit risk section of the BoE's stability report makes interesting reading - household lending of all types crashing, write offs on credit card and other unsecured debts soaring - mortgages to follow?

http://www.bankofengland.co.uk/publication...5/fsr19art1.pdf

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The Bank Of England are worried about LAX LENDING BY THE BANKS

Well sorry for doing my own crowing here

But I've tried my level best to educate the "Mr Angry we hate STR's and Boomers Brigade" on this site that it was/is LAX LENDING BY THE BANKS that has fuelled this housing boom. Have they appreciated me bestowing my superior wisdom on them........no siree....but that's kids for you :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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