Wednesday, February 2, 2011

Barratt commissions ‘independent’ poll with which to attack MMR (nothing to do with Mumps or Rubella

A lifetime of renting? No thanks, say under-30s

Mark Clare, chief executive of Barratt Developments, said: “The findings from this nationwide poll illustrate the extent of the housing crisis facing Britain and the depth of the public policy challenges we now have to tackle as a result. “There is no silver bullet which will solve the problem overnight, but there are steps which can be taken.” “Without doubt, making mortgage finance more readily available to credit-worthy first-time buyers should be top of the list. It cannot be right that people in their 30s with good jobs and good credit histories are having mortgage applications turned down. “I am pleased the Government has rightly identified this as an urgent problem and is meeting the banks to assess what can be done.”

Posted by sibley's b'stard child @ 12:51 PM (1822 views)
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14 thoughts on “Barratt commissions ‘independent’ poll with which to attack MMR (nothing to do with Mumps or Rubella

  • “It cannot be right that people in their 30s with good jobs and good credit histories are having mortgage applications turned down.”
    Actually, what cannot be right, is that people in their 30’s should have to comit to a lifetime of debt because the houses that you sell are so outrageously expensive you muppet.

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  • mark wadsworth says:

    “Without doubt, making mortgage finance more readily available to credit-worthy first-time buyers should be top of the list. It cannot be right that people in their 30s with good jobs and good credit histories are having mortgage applications turned down. “I am pleased the Government has rightly identified this as an urgent problem and is meeting the banks to assess what can be done.”

    You’re a HOUSE BUILDER, for crying out loud, just get on with building more houses.

    And yes there is a silver bullet _ _ _ _ _ _ (rearrange the six matchsticks)

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  • sibley's b'stard child says:

    My favourite bit was:

    ‘Almost all young people under 30 want to make buying a home a top priority, and don’t want to settle for long-term renting.The poll, of 2,465 consumers of all ages’.

    Great, didn’t realise there were less than 3000 under 30s in the UK. This population growth malarkey is obviously a cover.

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  • _
    I_ / I ???

    Not sure this will look right… but i think i’ve got it!

    What about relaxing planning, and/or give everyone a piece of land to build their own house on?

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  • Didn’t quite work. fist spaces were removed! LVT.

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  • mark wadsworth says:

    _
    I_ /I

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  • mark wadsworth says:

    D-mn, it didn’t work for me either. I’ll try with a full stop.
    . _
    |_ / |

    Mark, the key is with far more efficient use of existing housing, there’s be less need for new build. And as the flipside of LVT is dishing it all out again, every body gets given a steady income approx equal to the rental value of an average plot, so although you’re paying rent with one hand (LVT) you are getting your share of this given back as a Citizen’s Income.

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  • The CE from Barratt’s has more or less re-arranged David Cameron’s words from a few weeks back:-

    Prime minister David Cameron has vowed to get the mortgage market moving again after criticising banks and building societies for being too cautious on lending and over-reacting to the housing crash. During a speech in Leicester, Mr Cameron said the property market was stuck and called for a return to “respectable” lending.

    Full article @ http://www.ftadviser.com/FinancialAdviser/Mortgages/News/article/20110113/543a2922-19b2-11e0-a035-00144f2af8e8/Cameron-calls-for-return-to-respectable-mortgage-lending.jsp

    As MW say’s build more houses and let prices drift down ( no mention of LVT) that should do the the job – next problem please Mr Cameron.

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  • And the was me thinking you meant C*** VI

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  • sibley's b'stard child says:

    That’s it Jack! I was wondering whether it was Cameron or Shapps. I think Shapps was the one who said he couldn’t get a mortgage on his salary (not including kick-backs, retainers and brown paper bags).

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  • Sib’s you are correct and this goes back to November of last year (note Mr Shapps open self interest)

    “Housing minister Grant Shapps has branded the Financial Services Authority’s Mortgage Market Review paper a “step too far.”
    Speaking at the National House-Building Council conference yesterday, Shapps says he would not be able to get a mortgage under the current proposals.

    When asked about the MMR, Shapps told delegates: “I am absolutely clear about this. I think it was at the point when I realised that I wouldn’t have been able to get a mortgage if the MMR changes went through that I thought this might be a step too far.

    Full story @ http://www.mortgagestrategy.co.uk/story.aspx?storycode=1022665&PageNo=3&SortOrder=dateadded&PageSize=10

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  • sibley's b'stard child says:

    That’s the one Jack. Cor it’s a surprise that anyone’s getting a mortgage these days. Someone should really do something about it.

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  • ontheotherhand says:

    Some 90% of 18 to 29-year-olds would not be happy if they had no chance of accumulating wealth other than working and saving for the rest of their working lives. A majority (64%) do not want to start a family unless they had some unearned windfall and 43% do not want to get married until they are able to pay for the whole wedding from unearned capital gains. The study shows that 86% of under-30s identify winning the lottery as a key priority in life. For them, this is a more important life goal than job satisfaction (which attracted a 76% vote as a life priority).

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  • Solution: build more houses = lower prices = easier to repay mortgage = easier to get a mortgage.

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