Tuesday, August 12, 2008

Darling wants FTBers to start borrowing right now

Alistair Darling scrambles to end mortgage drought

"Measures to revive the dormant housing market by increasing the supply of mortgage lending are being planned by ministers, The Times has learnt. Alistair Darling is poised to intervene to help banks and building societies to secure more finance to grant new mortgages. The likely move comes after the virtual drying-up last year of the mortgage-backed securities market, which had become a crucial source of mortgage lending."

Posted by quiet guy @ 11:32 PM (893 views)
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6 thoughts on “Darling wants FTBers to start borrowing right now

  • Oh god! he realy is coming to save the FTB’s, lets hope this next move is more inspired and less spun/borked than previous attempts, although as a tax payer I can’t help but think it sounds like he just got a new 0% credit card with a new higher limit and is about to max it out.

    Merv’s next action shouldn’t be a letter to No. 10 on a missed inflation target, it should be a small morse code sent to the IMF “… — …”

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  • Who in their right mind is willing to borrow over 6x their salary for a FTB hovel of a new-build flat or shoebox house. The parrot is dead Mr Darling and your Goose is cooked, houses are plain ‘n’ simply not worth what people have been paying for them, end of story, full stop. Most people need to run a car to get to work in order to buy food to eat so what is the point of saddling yourself with a huge loan in an unstable economy to buy a pokey FTB property especially when it will be worth less next year and you will end up stuck in it.

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  • Oh dear.

    Oh dear. Oh dear.

    Oh dear. Oh dear. Oh dear.

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  • The government are a bunch of ****, freaks and ****. The Btitish people get the government they deserve.

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  • Today a flat/house is worth X

    Tomorow a flat/house will be worth X-y%

    Mr Darling wants me, a FTB, to buy a flat/house at X ,today.

    Can Mr Darling please explain why I shouldn’t wait and by the same flat/house at X-y% ,tomorrow?

    An answer, by which I mean an answer to the question i’ve asked, not an answer to the question Mr Daring imagined I’d asked if I was in anyway related to anyone or thing that was in anyway related to the labour party, would be nice, on a postcard, to every sane adult/voter of this once great country.

    Please… thank you.

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  • This prat must be stopped!

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