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Now home buyers need to stump up 40 per cent deposits to get a mortgage


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This is very relevant. I watch mortgage rates and they have definitely increased o er the last few weeks. Remember that house prices are very much set to total borrowing available and if rates go up or ltvs are coming down this is the big one to watch. 
 

also remember that the current house price boom is almost certainly due to mortgage holidays, bbl loans and people with a real reason moving. This is not sustainable 

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Market: risk is being moved away from the mainstream and being priced.

Tories: Quick, f*** the market and throw in another prop!

Boomers: my house is worth 500k and I'm like Warren Buffet

Generic politician: no you're not

Boomers: yes I am or I'll vote for someone else

Generic politician: yes sir we shall prop up house prices

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Market: risk is being moved away from the mainstream and being priced.

Tories: Quick, f*** the market and throw in another prop!

This is the worry. 

Are banks deliberately making it harder and increasing mortgage rates to encourage the government to fill the gap with more props. That 95% mortgage guarantee thing may rear it’s ugly head. 

Ie if banks did 95% loans, big valuations and low low rates the government would leave them to it. Therefore the banks are very vocally NOT doing this to sucker those numpty MPs into more ‘debt aid’. 

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  • 433 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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