Thursday, January 5, 2012
Affordability looks set to improve
Mortgage rationing becomes worse
Home buyers will find it even harder to obtain a mortgage in the coming months, the Bank of England says. Its quarterly survey of lending activity shows that lenders are going to be even fussier about prospective customers. "Lenders expected a tightening of credit scoring criteria for granting new secured loans to households," the Bank said. It said lenders were worried about the poor economy and falling house prices.....
Posted by will @ 12:59 PM (1803 views)
5 thoughts on “Affordability looks set to improve”
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need-a-crash says:
“It said lenders were worried about the poor economy and falling house prices” But BBC I thought house prices never went down??
mark wadsworth says:
Ah well, at least that’s our bear nibble for today.
paul says:
What with the scrapping of the stamp duty holiday and the BoE’s promise *I mean forecast* that mortgage availability will become more restricted in the near future anyone would think that a first time buyer might be persuaded to act on …. oh, I see.
Aqua-monkey says:
Banks are not lending because they know that the prices are going to crash
I hope that people see this pyramid for what it is
drewster says:
Yup, what Paul says. “Buy now before it’s too late!” We’ve been hearing that message incessantly for the last decade.