Jump to content
House Price Crash Forum
Sign in to follow this  
Guest An Bearin Bui

You And Yours Show - Radio 4

Recommended Posts

Guest An Bearin Bui

Radio 4's You and Yours call-in show is on now (12-1pm) - the announced theme was the credit crunch and how it's affecting consumers' and voters' lives. The presumption was that they would get a wave of badly hit consumers calling in who are broke, can't afford their mortgage etc.

Instead all the callers so far have said that the credit crunch is great for them and should herald a return to healtheir attitudes and moral values. People ringing in were, for example, running a caravan park benefiting from people staying at home for their holidays, a farmer who was welcoming higher food prices for a change that might persuade people to think about where their food is coming from. Woman from an ethical loans/credit union type of company who says that most of their new clients are in fact quite affluent (on paper) in contrast to her typical 'skint' customers. These 'affluent' types can no longer get the credit they need through the usual channels.

The only sob story so far has been a woman running a home decor company who said: "all our customers are BTL and they've been hit very hard indeed but at least our affordable repayment scheme will give them a chance to reduce the strain for at least the next 12 months"

:P:lol: (yes because, there will be a recovery in 12 months of course...)

Go to the Radio 4 home page and click on Listen Live to the right - should be available through Listen Again later also

Share this post


Link to post
Share on other sites
Guest sillybear2

My god, one hell of a story, a women was given charge of their mother in law finances following the death of the father in law, they had £100k in "life savings" and went to an 'independent' financial advisor, they were encouraged to invest all this in commercial property and additionally 'release' £100k in equity from the mother in law's home, again to invest in commercial property. They've lost half of the £200k investment and they're also locked in, no withdrawls.

Share this post


Link to post
Share on other sites
Guest An Bearin Bui
My god, one hell of a story, a women was given charge of their mother in law finances following the death of the father in law, they had £100k in "life savings" and went to an 'independent' financial advisor, they were encouraged to invest all this in commercial property and additionally 'release' £100k in equity from the mother in law's home, again to invest in commercial property. They've lost half of the £200k investment and they're also locked in, no withdrawls.

Loved the mortgage broker as well who was complaining that it had taken 14 months for him to sell his house and he had had to take a 10% drop in price. Personally I don't think a 10% drop is much in this market so he didn't have much to complain about.

He had lost his job as well, which ironically was in flogging dodgy mortgages marketing innovative financial products to people with credit problems. He said "we were very proud of the work we were doing..." - what a cheek!

:rolleyes:

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.

  • 401 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.