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Debate House Prices
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FSA review confirms NO RESTRICTIONS on Loan To Value/Income...
Comments
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baby_boomer wrote: »How many single mums working 3 part time jobs are going to be able to afford a house?
Weren't the banks supposed to avoid risky loans?
Children are the biggest drain on our finances, and a single mum has the additional disadvantage of being a one income household.
I was impressed by the Chief Executive with nine children featured in the Times today. But she did employ a house husband to help.
I see what you are saying. But these people are a section of society and still need a roof over their heads. Should we just abandom them and say because they are single they should forever rent? Or should there be a way for them to go to work, earn money, and buy a home?0 -
Graham_Devon wrote: »I see what you are saying. But these people are a section of society and still need a roof over their heads. Should we just abandom them and say because they are single they should forever rent? Or should there be a way for them to go to work, earn money, and buy a home?
They will have a roof over their heads - council accommodation. No one should have a right to own a home..0 -
They will have a roof over their heads - council accommodation. No one should have a right to own a home..
Top of the list for something a great many on here crave for.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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Graham_Devon wrote: »Not all single mums have council accomodation Dan. Infact, only a few do. Massive generalisation and it seems like your saying "stick em in a council house".
Or to put it another way, provide them with the option of a (apparently much sought after) council house.
BTW, why can't she move in with you?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Graham_Devon wrote: »Not all single mums have council accomodation Dan. Infact, only a few do. Massive generalisation and it seems like your saying "stick em in a council house".
whats wrong with a council house? i'll love to get one.0 -
whats wrong with a council house? i'll love to get one.
Why should I pay for other people's children?
If you want to have children, you should be able to pay for them. That means having and keeping a job, a career, savings, a house, etc.
If you can't afford children, don't have any. There's lots of qualified immigrants out there wanting to come to Britain willing and able to work for a living and support themselves.
The safety net should extend to keeping people warm, dry and fed if the worst happens. But there is no reason that should not be time limited benefits, followed by a dormitory, a canteen, and an attached job centre if they can't sort out their problems in a reasonable time......
Living on benefits should NEVER be allowed to become a lifestyle choice as it is today.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
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Now that all this has been published are we likely to see more mortgage products enter the market again? I had wondere if the anticipation of these guidelines was a variable much of the market might have been waiting to be...invariable, before increasing lending?0
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lostinrates wrote: »Now that all this has been published are we likely to see more mortgage products enter the market again? I had wondere if the anticipation of these guidelines was a variable much of the market might have been waiting to be...invariable, before increasing lending?
Interesting question. We may see more mortgage products, though this may not mean more approvals.
I've been banging on about "where is the money going to come from" for a while now. This only makes that question more poinant. The banning of self certification mortgages, AND an insistence for vigourous income checks, is surely going to effect many many thousands of people.
It would certainly have effected me, as my income was not checked. If it was, they would have seen I only had 2 years books. I had all my tax returns etc etc, scanned them all as PDF's for ease of initial viewing etc etc, but all they cared about was that I had filled in the form to say I earnt x amount. Didn't even want a payslip (employed & self employed).0
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