Wednesday, October 7, 2009

There isn’t the money for lending I wonder what that might mean?

Money Talks Mortgage Drought Continues

Nothing new here I know but one is left asking "what next?" If you read this in Estate Agent Today , as an Estate Agent, would that signal that property prices are actually going up or that there might be a reason that your sold ratio to unsold stock has risen for the 8th successive month!!? As Moneyweek recently said: "....A lot of lending power has now left the market for good. Almost £300bn of UK mortgage debt was securitised, i.e. packaged up and sold off from bank balance sheets onto the bond markets, between 2005 and 2007. That represents more than 90% of the growth in mortgage debt over that period. ....the world isn't exactly clamouring for British securitised mortgages anymore, and won't be for a long time" That is not a recipe for house price increase!

Posted by sybil13 @ 08:33 AM (600 views)
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Your email address will not be published.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>