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ItalianV6

Help for 'mortgage prisoners' sought by FCA

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Much like the West Brom BS decision, this will lead to less not more choice, and more expensive mortgages, as risk is spread across the market.

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Well ... the eye brow raising bit is that we are 10 years in from 2007.

It would imply that here has been fux allof  fux all paid off the mortgage.

And there's limited equity/HPI too.

Youd expect  ~50% to be paid off after 10/15 years into a mortgage

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Sub prime...they should pay more to reflect risk.  Why exactly do they deserve help??  Other than because 'home owners' are a deserving privileged group..?

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14 hours ago, spyguy said:

Well ... the eye brow raising bit is that we are 10 years in from 2007.

It would imply that here has been fux allof  fux all paid off the mortgage.

And there's limited equity/HPI too.

Youd expect  ~50% to be paid off after 10/15 years into a mortgage

I'm not sure you would, interest makes up most of the payments in the first half of the mortgages life

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Decade of ZIRP and QE and TFS and FFL to keep mortgage rates at record lows is clearly not enough help.

End the above and see them evicted that'll help them as it'll be a long overdue education.

 

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No problem help them....

Sell house right away at market price

Make banks pay for the debt if mis sold.

= lower house prices and banks less willing to lend recklessly

I am all for no recourse lending on property underwritten by the value of the house.  It would focus the mind re actual values of houses. 

It wont be that it will be a bailout designed to keep prices high.

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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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