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Is There A Mortgage Shortage???
geoffky
Posts: 6,835 Forumite
I was listening to a professor from Harvard uni on newsnight and he was saying that liquidity is not the problem at all....The problem was people had run into a wall of debt and were at saturation point unable to take out any more credit due to the fact no one had any more spare money to get the credit and pay the payments......discuss
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
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Comments
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Is There A Mortgage Shortage???
Not that I know of..
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No I don't believe there is a mortgage shortage you just need a deposit like you use too. All the debt out there with people who have got use to borrowing for what they want in the last decade will hamper deposit raising. Also the suddeness of going from a 125% mortgage market to needing a 25% deposit over night has caught most home buyers short. It will take years for them to save these. So it is my belief there is a shortage of mortgages without deposits rather than a mortgage shortage, thats not really a bad thing if it means more affordable homes.:think::exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Should this thread be moved to discussion time as it doesn't directly relate to House Buying, Renting and Selling?
http://forums.moneysavingexpert.com/showthread.html?t=1339441"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
no it should not...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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