Jump to content
House Price Crash Forum
Sign in to follow this  
Converted Lurker

Two Thirds Of Mortgage Product Above 95% Stripped Out Over Last Six Months

Recommended Posts

no article (yet) just simple arithmetic, not sure of the calcs on overall mortgage product yet. The tightening of criteria is quite frankly stunning. This is hitting so hard, not showing in the data but fukc me, this is tsunami territory for the mortgage industry, ergo the housing market. Two thirds to lose their jobs in the finance industry? evens bet methinks.

Share this post


Link to post
Share on other sites

It certainly feels like a day doesn't go by without news of another lender cutting the LTV or pulling out of the (we don't have) sub-prime (here in the UK) market.

It would be great to see some real statistics on what was available in July/August versus today.

Share this post


Link to post
Share on other sites
It certainly feels like a day doesn't go by without news of another lender cutting the LTV or pulling out of the (we don't have) sub-prime (here in the UK) market.

It would be great to see some real statistics on what was available in July/August versus today.

pay for your own subscription for Trigold ;) It is beyond shitsville now, we're beyond 'computer says no', it's fast approaching 70's "get in the queue and we'll let you know" lending IMHO. I'll try and put up some stats, but trust me on this, approx 66% of mortgage product 95%+ has gone and describing the new shiny under writing criteria as tough would not do it justice... :blink:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 295 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.