Lenders warn of massive mortgage crunch

bernard_shaw

http://www.thisismoney.co.uk/mortgages-and-homes/mortgages-features/article.html?in_article_id=498581&in_page_id=58

Questions on long-term viability of housing market funding.

UK housebuyers could soon face a chronic shortage of credit that will see mortgages 'rationed' and punish first-time buyers, lenders warned today.

When government schemes to keep mortgage lending afloat come to an end in 2014, a funding gap to the tune of £300bn will open up, the Council of Mortgage Lenders said.

'The UK is at risk of a chronic under-supply of credit - and the rationing of mortgages for customers - for many years to come,' it said in a report.

Here's the horse's mouth:
http://www.cml.org.uk/cml/publications/newsandviews/57/199

Conclusion - lenders will require continuing state support after 2014.

We believe that to develop and implement a clear strategy to revive UK funding markets, the Treasury should launch a collaborative exercise, drawing on industry knowledge in an expert group. With the SLS and CGS due to end in the next few years, the Treasury has a strong incentive to show that there is a robust, long-term solution to replace them.

Without policy support, it may be difficult to re-establish a sustainable, long-term RMBS and covered bond market in the UK on the scale needed to plug the funding gap. That would leave firms continuing to rely on government funding, and the UK at risk of a chronic under-supply of credit – and the rationing of mortgages for customers – for many years to come.

Is this the Soviet Union?

StevieJ

No upbeat stories out there Bernie

bouche

bernard_shaw wrote: »

http://www.thisismoney.co.uk/mortgages-and-homes/mortgages-features/article.html?in_article_id=498581&in_page_id=58

Questions on long-term viability of housing market funding.



Here's the horse's mouth:
http://www.cml.org.uk/cml/publications/newsandviews/57/199

Conclusion - lenders will require continuing state support after 2014.

You't better get in there before it dries up completely then...Hurry Hurry Hurry

The Sarangati river can only substain you for so long.,..


Is this the Soviet Union?

No - we're the wealthiest, fairest, richest country in the west and all opportunities are open to you.:T

Mr.Brown_4

StevieJ wrote: »

No upbeat stories out there Bernie

Had a quick glance on BBC and couldn't actually see any. Unless you hate Toyota of course.

bouche

Mr.Brown wrote: »

Had a quick glance on BBC and couldn't actually see any. Unless you hate Toyota of course.

Mr Brown is back!!:T

But off his rocker, having watched the BBC, so Cucumber Cathy didn't divert him as much as we'd hoped:(

Mr.Brown_4

bouche wrote: »

Mr Brown is back!!:T

But off his rocker, having watched the BBC, so Cucumber Cathy didn't divert him as much as we'd hoped:(

...and in English?

bouche

Mr.Brown wrote: »

...and in English?

Queries que te lo explico en Espanol.

Hace solo unos dias que estabas en otro mundo, con una chicita, divertiendote, - se llamaba Mrs cucumber

Y ahora, ya que se ha pasodo el tiempo de divertad con esta mujer, te presentas aqui, queriendo que te hable in Ingles como si no me entiendeses??

Pues Vaya Hombre! - Que Cara tienes?? No:cool:

Mr.Brown_4

bouche wrote: »

Queries que te lo explico en Espanol.

Hace solo unos dias que estabas en otro mundo, con una chicita, divertiendote, - se llamaba Mrs cucumber

Y ahora, ya que se ha pasodo el tiempo de divertad con esta mujer, te presentas aqui, queriendo que te hable in Ingles como si no me entiendeses??

Pues Vaya Hombre! - Que Cara tienes?? No:cool:

I don't speak French.

StevieJ

Is that Brodders again? in other words

¿es que los brodders otra vez?

bouche

Mr.Brown wrote: »

I don't speak French.

No Carino, es Espanol

Pero come lo encuentres tan dificil comunicar en Ingles, pensaba mejor hablar contigo en el idioma mas circa de tu comprehension.

Auque, ni entiendes eso.

Ya no tengo ni idea como podriamos comunicar??

Latino!
Chino?
Russio?:rotfl::rotfl::rotfl:

Mr.Brown_4

bouche wrote: »

Latino!
Chino?
Russio?:rotfl::rotfl::rotfl:

Mate. I have no idea what you are saying and I can't be bothered to put it into an internet translator. We'll get nowhere like this.