Thursday, May 8, 2008

No Going Back to the Days of 125% Cheap Mortgages

Mortgage Costs Will Not Fall for 2 Years

The Chairman of the Building Societies Association made an announcement today to the effect that the credit crunch will continue to affect lending policies for another 2 years at least."There is clearly no going back... In my view, it is hard to see global and domestic markets recovering in anything less than a two-year timescale, and when they do, how they operate will be very different to how they were in the first part of the decade," he said. Goodbye to buy-to-let indeed...

Posted by an bearin bui @ 01:52 PM (429 views)
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