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