ItalianV6 Report post Posted May 4, 2018 http://www.bbc.co.uk/news/business-44001514 Quote Share this post Link to post Share on other sites
Si1 Report post Posted May 4, 2018 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. Quote Share this post Link to post Share on other sites
spyguy Report post Posted May 4, 2018 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 Quote Share this post Link to post Share on other sites
Wayward Report post Posted May 4, 2018 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..? Quote Share this post Link to post Share on other sites
darkmarket Report post Posted May 4, 2018 Sounds like more help for banks with IO mortgage problems. Quote Share this post Link to post Share on other sites
darkmarket Report post Posted May 4, 2018 4 minutes ago, TonyJ said: How much will the government be giving these banks to reduce mortgage payments? £350 Quote Share this post Link to post Share on other sites
darkmarket Report post Posted May 4, 2018 5 minutes ago, TonyJ said: Where does that figure come from? Ok, 42 then. Quote Share this post Link to post Share on other sites
Si1 Report post Posted May 4, 2018 7 minutes ago, TonyJ said: Where does that figure come from? Quote Share this post Link to post Share on other sites
FIGGY Report post Posted May 5, 2018 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 Quote Share this post Link to post Share on other sites
TJHooker Report post Posted May 5, 2018 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. Quote Share this post Link to post Share on other sites
Fromage Frais Report post Posted May 5, 2018 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. Quote Share this post Link to post Share on other sites
frederico Report post Posted May 5, 2018 Hang on lads, this is the BBC here Quote Share this post Link to post Share on other sites
