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Realistbear

H B O S Bullish On Housing Market

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http://www.mirror.co.uk/news/money/city/20...89520-20334176/

Mortgage lending to shrink by 20 per cent
HBoS boss warns of mortgage gloom
28/02/2008
Mortgage lending
will shrink by 20 per cent this year
as the rising cost of home loans prices buyers out of the market.

At least they are admitting to a fall and are no longer seeing the market expanding. However, a measly 20% is far too optimistic IMO. We should see mortgage activity down by at least 50% this year.

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This is exactly what I was saying in my post yesterday - its up to the banks how far this thing will drop. Looks like its only 20%....this year at least.

http://www.housepricecrash.co.uk/forum/ind...mp;#entry988550

According to Rolf Elgeti of Elgeti Ashdown Advisers using US house-price data, a 7% increase in the loan-to-purchase price ratio for first-time buyers led in effect to a doubling of house prices relative to household income.

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According to Rolf Elgeti of Elgeti Ashdown Advisers using US house-price data, a 7% increase in the loan-to-purchase price ratio for first-time buyers led in effect to a doubling of house prices relative to household income.

Aha! Thanks for reminding me about this.

Its not just the amount lent but the terms, such as LTV, must also be taken into account.

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  • 297 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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