Thursday, Apr 16, 2015

I am seeing this myself, anyone who can fog a mirror can borrow !! No checks needed.

Telegraph: Risky mortgages are back on the rise

Risky mortgages are back on the rise, just months after the Bank of England capped home loans, as bank profit margins are squeezed by a glut of supply and falling housing demand.
Figures from the Bank of England published on Wednesday showed that, while mortgages had become less available to borrowers with deposits of 25pc or more, those worth more than 90pc of the property’s value had risen for the first time in nine months.
Looks like the markets into sucker territory, that's 6 to 18 months before a flat out price collapse, followed by a banking panic and the rest.

Posted by khards @ 04:45 PM (4536 views)
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1 Comment

1. cornishman said...

"Housing remains one of the biggest domestic risks to financial stability according to Mark Carney, the Bank’s governor, although minutes from the Bank’s recent Financial Policy Committee meeting say that these risks have not increased recently."

So that's all right then. Nothing for us to be concerned about here :-)

Friday, April 17, 2015 09:03AM Report Comment
 

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