Thursday, July 9, 2009
At last some sense, but not from all.
The treasury wants to enforce good practice for lending. The FSA are broadly in tune with the treasury, so far so good, or maybe not. Anne Ashworth a property journalist from the Times thinks otherwise! She can't see that if mortgages are restricted 75% LTV mortgages that prices will fall and FTB's will be able to buy but on sensible mortgage terms which they can afford . She thinks if this is adopted FTB's will have to save and rent for too may years! I think I'd rather go for cheaper houses that I can afford the repayments on, otherwise you could get a bit of a boom and bust! It could happen, no really!