Friday, January 7, 2011

Very light bear nibbles before we clock off…

Housing market lenders reining in after dip

"Britain's stagnant housing market meant lenders reined in the availability of loans in the last three months of last year and saw losses from bad home loans rise for the first time since early 2009." Laura is on fire in the comments: "Banks are expecting lower house prices, hence the requirement for large deposits. The punter takes the risk, not the bank. FTBs are expecting lower house prices, hence the lack of demand for mortgages." Is she one of us? (And have I beaten SBC's record for number of articles posted in a day yet?)

Posted by mark wadsworth @ 04:00 PM (1669 views)
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6 thoughts on “Very light bear nibbles before we clock off…

  • sibley's b'stard child says:

    “Britain’s stagnant housing market meant lenders…saw losses from bad home loans rise for the first time since early 2009.”

    Cripes, that – for me – was the most significant aspect of the article. If debt-holders, sorry homeowners, are still defaulting despite all props available perhaps the gov should review what else can be done – maybe a portion of everyone’s PAYE can be diverted to a central pot to prevent more hardworking families from losing their homes.

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  • Do I detect that this site is running out of steam?

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  • ^ one of our strange followers should clock off.

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  • fallingbuzzard says:

    Some of the posters run on hot air or gas

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  • wow it did – taken me 4 years to do that!

    I might try actually inserting the story to the main page now, then i get to come up with my own witty description tag

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