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Leonard Hatred

Britannia And The "s" Word

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Profits have fallen by more than 12 per cent at building society Britannia amid "unprecedented" market conditions.

[...]

Chief executive Neville Richardson, pictured, said it had to rein back lending in some markets because funding has become more expensive and margins have been squeezed.

[...]

Mr Richardson said lending had been reined back in its intermediary mortgage business Platform, which offers sub-prime lending to higher risk customers.

http://www.thesentinel.co.uk/displayNode.j...tentPK=20010690

Repeat after me: there is no subprime in Britain.

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Guest grumpy-old-man

seriously, this is getting hilarious.

we could just have wrote a 100 line "this is what will happen" document & then applied 5 lines of the document every month. Well, I say we, I mean the guys who have been stating this would happen in 2005/6 for 2007/8, if you know what I mean. (you all know who you are) :D

& to think it's this bad already & the UK has hardly really started it's demise on the housing/economic front yet. :lol::unsure:

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  • 296 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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