narco Posted April 14, 2008 Share Posted April 14, 2008 Quite bearish if I may be so bold. Quote Link to comment Share on other sites More sharing options...
tegan Posted April 14, 2008 Share Posted April 14, 2008 So Britain actually has 2 mortgage crisis's. The BTL disaster and the liar loans scandal? I wonder how long it'll be before people realise that its not the American sub prime crisis we should be shitting ourselves about, it's the UK one. Quote Link to comment Share on other sites More sharing options...
salamander Posted April 14, 2008 Share Posted April 14, 2008 Credit Crunch Panorama on BBC 1 now... Quote Link to comment Share on other sites More sharing options...
Harold Bishop Posted April 14, 2008 Share Posted April 14, 2008 How dumb were the the banks to lend to these even dumber BTLs ? How can they buy a £120k property and not even go an see it ? They wouldn't buy a pair of shoes like that. They will be burdened with the debt for the rest of their lives. Quote Link to comment Share on other sites More sharing options...
R K Posted April 14, 2008 Share Posted April 14, 2008 "no bids at £70,000 then?" BTL'ers are gonna burn That woman from Essex or somewhere bought 4 BTL flats in Bury. Jesus wept what was she thinking? She already had a house, so she bought 4 more, exponentially-geared, new builds, 200 miles away that she'd never seen, and had no guarantee she could rent out, or at what price, and a BANK LENT HER THE MONEY TO DO SO. She will be bankrupt. The bank CEOs should be behind bars. Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted April 14, 2008 Share Posted April 14, 2008 So Britain actually has 2 mortgage crisis's. The BTL disaster and the liar loans scandal? I wonder how long it'll be before people realise that its not the American sub prime crisis we should be shitting ourselves about, it's the UK one. Ive said before, we are SO much more vunerable than the US. Declan Curry "we may have over done it a bit" What a clown. Quote Link to comment Share on other sites More sharing options...
Waiting Patiently Posted April 14, 2008 Share Posted April 14, 2008 Brilliant stuff from Maitland and Davis. And Spencer and Millard both shown up for the gobs/hites they are. The house price crash is well and truly on. Quote Link to comment Share on other sites More sharing options...
gfromls Posted April 14, 2008 Share Posted April 14, 2008 Credit Crunch Panorama on BBC 1 now... “If you’re a saver with money in the bank, you may feel a bit smug now” Er no, I can’t sleep at night worrying about the plight of BTL landlords. Quote Link to comment Share on other sites More sharing options...
Harold Bishop Posted April 14, 2008 Share Posted April 14, 2008 That woman from Essex or somewhere bought 4 BTL flats in Bury. Jesus wept what was she thinking? She already had a house, so she bought 4 more, exponentially-geared, new builds, 200 miles away that she'd never seen, and had no guarantee she could rent out, or at what price, and a BANK LENT HER THE MONEY TO DO SO. She will be bankrupt. The bank CEOs should be behind bars. She was investing for her kids ! Quote Link to comment Share on other sites More sharing options...
stu2006 Posted April 14, 2008 Share Posted April 14, 2008 The presenter looked like he got great satisfaction out the people losing their money...especially when he had that big grin at the end when that women flat didnt sell....class Quote Link to comment Share on other sites More sharing options...
Harold Bishop Posted April 14, 2008 Share Posted April 14, 2008 To much bear food Quote Link to comment Share on other sites More sharing options...
tegan Posted April 14, 2008 Share Posted April 14, 2008 I reckon fattie Declan has a string of BTL properties. All financial journos should be forced to declare their interests... Quote Link to comment Share on other sites More sharing options...
geed Posted April 14, 2008 Share Posted April 14, 2008 Didn't show it in Scotland...typical, don't let the masses north of the border know. Keep them in the dark Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted April 14, 2008 Share Posted April 14, 2008 I reckon fattie Declan has a string of BTL properties. All financial journos should be forced to declare their interests... It's been mentioned on here before that he has....although Ive no idea if its true. Quote Link to comment Share on other sites More sharing options...
gfromls Posted April 14, 2008 Share Posted April 14, 2008 “This is payback time, and it’s going to be painful” Little Declan 14/04/08 Quote Link to comment Share on other sites More sharing options...
grey shark Posted April 14, 2008 Share Posted April 14, 2008 The Balloon making business is burstinggggggggg Quote Link to comment Share on other sites More sharing options...
Harold Bishop Posted April 14, 2008 Share Posted April 14, 2008 They could have had a few EAs for balance - its was a very lop side view Quote Link to comment Share on other sites More sharing options...
R K Posted April 14, 2008 Share Posted April 14, 2008 How did they get that balloon off the ground with him in it? Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted April 14, 2008 Share Posted April 14, 2008 The "hot air" balloon analogy is painful to listen to! Talk about patronising... Quote Link to comment Share on other sites More sharing options...
time 2 raise interest rates Posted April 14, 2008 Share Posted April 14, 2008 Let's not forget there's only 3 reasons why people got into the btl market; and that was greed, greed, greed. Bless 'em. I may hoover up a few cheapies in 18 months time. I like to do my bit in helping out the not so fortunate. Quote Link to comment Share on other sites More sharing options...
grey shark Posted April 14, 2008 Share Posted April 14, 2008 Blaming the poor yanks and hillbilly's now for the problems over here Quote Link to comment Share on other sites More sharing options...
Beggar Thy Children Posted April 14, 2008 Share Posted April 14, 2008 Excellent showing once again from Financial Planner. Nicely done sir. Listening to you now aren't they. Not interviewing you windswept and bedraggled at the top of coastal cliffs anymore are they Quote Link to comment Share on other sites More sharing options...
we the sheeple Posted April 14, 2008 Share Posted April 14, 2008 Declan interviews crane driver who make him look slim Quote Link to comment Share on other sites More sharing options...
salamander Posted April 14, 2008 Share Posted April 14, 2008 Declan interviews crane driver who make him look slim If he's looking for ways to cutback on spending, reducing his weekly pie budget might be a start. Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted April 14, 2008 Share Posted April 14, 2008 "determined not to miss their mortgage payments, they used a credit card for other bills" Now im not taking any pleasure in listening to a young family struggling......they have been stiched up like the rest of us by NuLabour. BTL's = point and laugh to your hearts content. Quote Link to comment Share on other sites More sharing options...
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