Tuesday, April 29, 2008

Squoze and squoze and squoze …

Nationwide doubles the deposit required for new mortgages

I love the following quote in this article: Jeremy Leaf of the Royal Institution of Chartered Surveyors (Rics), said: "Sentiment is at a very low ebb and will continue to remain depressed while the economy suffers from this unique liquidity blight. The slowdown in prices is directly attributable to a lack of available finance which has hit demand." "Unique liquidity blight": Hahahahaha; Yeah like I get when I spend recklessly on presents over christmas, is that a "unique liquidity blight". What a joker.

Posted by last_days_of_disco @ 09:53 AM (1011 views)
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6 thoughts on “Squoze and squoze and squoze …

  • tyrellcorporation says:

    This is great! EAs must be quaking in their boots as redundancies are looming large. Like a greedy parasite, they have taken too much blood and the host is dying. Expect desperate phone calls from these jokers in the coming weeks and months trying to get sellers to drop prices.

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  • It was only yesterday that the Telegraph announced that Nationwide was wading back in to help FTB’s with only a 5% deposit…

    What the hell is going on here? What is happening behind the scenes to create this daily changing of position, not just at Nationwide, but virtually all the big name lenders?

    Why the two steps up and one step down game?

    If I were a director of one of these outfits, I would reason: ” it’s no big deal at the moment if we don’t write any new business for a while, so why don’t we bump all the rates up by 1% and take a breather “

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  • mark wadsworth says:

    Morons, frankly:

    “The latest Rics house price survey, traditionally one of the most positive, found that the rate at which house prices fell was the lowest on record in March”.

    Wot?

    Ah … read on … actually they mean it’s the highest on record.

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  • disillusioned says:

    So, are NW doing both: increasing the deposit on new mortgages but also making the exception for FTBs by allowing lower fees and a smaller deposit, or have they just changed tack??

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  • How much does Jeremy Leaf get paid for his obvious observations. I imagine him telling us that the weather is cold due to the low temperature.

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  • Great minds are at this very moment conjuring up devious plans on a daily basis. Volatility is the name of the game and we may even see Bank Wars internaly fought, as the weeks go by, as ideas turn into acts.
    This is how empires begin to break up.

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