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Lenders still lending
Comments
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I would think banks are still quite happy to lend to people who are good risks. They still need to lend money to make money, they'll want good risks to balance any bad risks they have, etc. Certainly both myself and my wife recently got new credit cards with largish limits (we were surprised) - and wondered to ourselves what credit crunch?
I also know a couple who did get a 5x joint mortgage recently with a 15% deposit. They have good credit records on slightly above national average wage.
What IS happening is those who SHOULDN'T have been borrowing money but were before (especially at 5x income) now CAN'T. Right and proper to me. (ie those with ccjs or arrears, or self cert new business, or self cert lie, etc)0 -
interesting article on "mortgage hangover"
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/07/ccrisis107.xml0 -
interesting article on "mortgage hangover"
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/07/ccrisis107.xml
A fascinating article. Not doomsday, but things are not going to get better in the short term.0 -
interesting article on "mortgage hangover"
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/07/ccrisis107.xml
Cracking article, followed by great entertainment by the comments.
I know I am going to have a laugh when I read "fiat currencies" and that everything is a conspiracy by "the man".US housing: it's not a bubble
Moneyweek, December 20050 -
kennyboy66 wrote: »Cracking article, followed by great entertainment by the comments.
I know I am going to have a laugh when I read "fiat currencies" and that everything is a conspiracy by "the man".
Why is it that the phrase "fiat currency" is almost always uttered on the internet in connection with the words and phrases, "shotgun", "bottled water", "tin hat", "collapse of society and law'n'order" and "secret world Government of Jews/Catholics/Lizardmen"?0 -
Why is it that the phrase "fiat currency" is almost always uttered on the internet in connection with the words and phrases, "shotgun", "bottled water", "tin hat", "collapse of society and law'n'order" and "secret world Government of Jews/Catholics/Lizardmen"?
OH reckons that his membership card for the International Zionist Conspriracy has got lost in the post.......much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »OH reckons that his membership card for the International Zionist Conspriracy has got lost in the post....
I'd love to be part of an international conspiracy to rule the world. If anyone would like to PM me an invitation I'd be very grateful.0 -
Don't forget there are initiation rites that adult men might not fancy....
OH's Dad reckoned the circumcision proved Jews were an optimistic race, "we cut some off before we know if there is any to spare...."...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Generali, you missed out stockpile, tins of food, ammo and, of course, gold.A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
BobProperty wrote: »Generali, you missed out stockpile, tins of food, ammo and, of course, gold.
Gold, how could I forget.
But never "barbarous relic", "overreact" or "millenial loony".0
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