Friday, Jun 26, 2020

Less credit availability just is lower house prices

This is Money: Banks risk a mortgage credit crunch as 90% of small deposit home loans are axed in lockdown

posted in the forum. stats documenting vanishing high LTV mortgage products.should feed through pretty directly to prices, no?

Posted by nickb @ 05:26 PM (1227 views)
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1. nickb said...

The disappearance of high LTV products will particularly impact the buying capacity of FTBs who feature in most chains. So the impact of this could be more than what is suggested in the article (impact limited to those with small deposits and not much equity in an existing property).

Friday, June 26, 2020 07:15PM Report Comment
 

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