Monday, October 19, 2009

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

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 (646 views)
Please complete the required fields.



One thought on “Oh what a shame … this is not bad news by the way Capital Economics group!

  • 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.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>