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Realistbear

Homes Min-boom Is Over

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http://www.thisismoney.co.uk/mortgages/mor...3&in_page_id=58

Homes mini-boom ready to slow

Simon Lambert, This is Money

19 May 2006

THE property mini-boom - which has delivered a half-year run of record mortgage lending - could be ready to slow down, according to a report released today.
'In the past couple of months the interest rate picture has changed and financial markets are expecting the Bank of England to raise rates this summer. If this happens, housing and mortgage market activity is likely to slow down from the recent high levels as the year progresses.'

Nationwide have a cunning plan to get things moving again--find some shaky buyers to lend to:

http://www.ifaonline.co.uk/public/showPage.html?page=329570

Nationwide considering sub-prime mortgages – 19th May Friday 19th May 2006: 09:54
By Matthew West BRITAIN’S BIGGEST building society, Nationwide, is considering offering mortgages to people with credit problems as part of a planned push aimed at regaining its position of strength in the home loans market, reports the Guardian.

:lol::lol::lol:

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Nationwide considering sub-prime mortgages – 19th May Friday 19th May 2006: 09:54

By Matthew West BRITAIN’S BIGGEST building society, Nationwide, is considering offering mortgages to people with credit problems as part of a planned push aimed at regaining its position of strength in the home loans market, reports the Guardian.

Like the big bad wolf...Now they are after the lending made of sticks and straw.

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That phrase 'mini-boom' is really starting to grate.

I'll add it the list of other current irritating BBC/VI phrases:

'Chimes with' = in line with other VI bullsh*t

'Dip'= fall

'Pause for breath' = stagnant

'Soften'= fall

'Surge'= increase

'Soft landing' = falls of 10-15%

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That phrase 'mini-boom' is really starting to grate.

I'll add it the list of other current irritating BBC/VI phrases:

'Chimes with' = in line with other VI bullsh*t

'Dip'= fall

'Pause for breath' = stagnant

'Soften'= fall

'Surge'= increase

'Soft landing' = falls of 10-15%

market sentiment = bullsh.it

Edited by benjamin

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It was discussed some time ago that the bonanza will continue unabated through the use of creative lending this is simply another example.

The next brainwash will be for people to think that this will go on forever, they must not miss the boat, and accept the New Labour 50/50 ownership deals. Based on, better 50% than 0%.

Will they fall for it?. Yes they will!!!!

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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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