Thursday, April 21, 2011

Overpriced new-build, meet risk averse lending.

New homes market 'hampered by discrimination'

*One can always rely on Houseladder for plum comedy pieces* Discrimination is harming the new homes market, it has been claimed. The new homes market is being hampered by lender discrimination, it has been suggested. Vernon Pethard, managing director at newhomesforsale.co.uk, said price growth in the sector has been restricted because of fragile confidence and general bias against new build homes. The representative noted: "The prudent attitude adopted by mortgage lenders towards new homes is not helping matters." He explained such discrimination is coming in the form of lower loan-to-value mortgages being offered on re-sales and brand new properties.

Posted by sibley's b'stard child @ 11:44 AM (2165 views)
Please complete the required fields.



8 thoughts on “Overpriced new-build, meet risk averse lending.

  • mark wadsworth says:

    Where have you been these last few days?

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Ah bless you MW, without wanting to detract too much from the above comedy piece, I had a rather monstrous sebaceous cyst excised leaving me with a funky two-inch scar down my face. I’m back at work now, ostensibly to show off my skin-head and carved-up visage. The women aren’t flocking round yet. Any minute now, yup.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    Ouch! I hope it heals up nicely etc.

    Reply
    Please complete the required fields.



  • hoist by his own vernon pethard

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    That’s very witty Inbreda, bravo.

    Reply
    Please complete the required fields.



  • Sib’s – hope you are recovering OK – I’m about to post a new article on a similar theme to the above – it might send your blood pressure up a bit so I thought I’d better warn you first just in case you are still ina sensitive state.

    Reply
    Please complete the required fields.



  • Perhaps new legislation needs to be introduced to combat this discrimination. Perhaps buyers and lenders need to have their decision making processes assessed to remove this kind of damaging bias. Perhaps buyers need to be forced to live in new build properties if they don’t make the Correct Buying Decision by choice.

    Perhaps every tenth older property buyer should be made to put down an offer on the older property and then be handed the keys to a new build property – you know, to even it out. It could be a kind of positive discrimination policy. Of course the buyer wouldn’t be happy about it but that’s not the point. We’ve got to keep the builders’ pockets lined by outlawing this new-build racism.

    Would that make little Vernon happy?

    Reply
    Please complete the required fields.



  • I think we have all been guilty of palatial descrimination at some point here.

    Why can’t we all live happily together. That’s right!

    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>