Monday, Oct 19, 2009

Oh what a shame ... this is not bad news by the way Capital Economics group!

Citywire: Will new mortgage rules bring down house prices?

Economists are predicting new rules from the Financial Services Authority (FSA) aimed at tightening lending criteria and preventing borrowers from getting in over their heads will bring down house prices. Seema Shah, Capital Economics, said: 'The closure of the self-certification mortgage market would spell yet more bad news for house prices.'

Posted by hjg @ 04:33 PM (603 views)
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1 Comment

1. a saver said...

Sensible lending, if it actually happens, should bring down house prices because people have to borrow silly amounts to afford them at current prices. You don't have to be a genius to work that one out.

Tuesday, October 20, 2009 09:51AM Report Comment
 

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