FT: BTL lending to triple, in just 4 years...

Thrugelmir

lemonjelly wrote: »

I think that what people are saying is not that banks do not have the mony to lend, but rather that they are restricting the availability of credit. This has led many to struggle, as many with a genuine need for credit have been refused. Interestingly there appears to be a little credit available but it seems to be available to people who don't need/want it, and is also more expensive.

I also wonder if banks are having their own issues with the assessment of risk. They appear to have had a bit of a knee jerk reaction to the media reports that all banks leant money without proper diligence, & don't want the publicity of any accusations of reckless lending.

The question is, how long will it take lenders to return to the middle ground?

Retail banking has merely returned to where it was some years ago. The carnage of the Building Societies that demutualised and became banks. Speaks for its self. The business models were an overiding failure.

nembot

headcone wrote: »

Where have you been loser?

He already did.

He inherited a house and bought another at peak, kn0bjockey.

Buying at peak "bad" buying before peak "good".

Inheriting a house, is luck.

As business acumen goes, epic fail.

HAMISH_MCTAVISH

nembot wrote: »

He inherited a house and bought another at peak, kn0bjockey.

Buying at peak "bad" buying before peak "good".

Inheriting a house, is luck.

As business acumen goes, epic fail.

Ummm, not quite 'Kn0bjockey'....

We bought a house in 1990, paid off the mortgage in 18 years, allowed an aging relative to live in it rent free after a change in their circumstances, and bought another for ourselves to live in.

Oh, and buying in 2007 on a tracker has saved us £40,000 versus renting for the same time....

So pretty much all of your little rant was an "epic fail"...

abaxas

HAMISH_MCTAVISH wrote: »

Ummm, not quite 'Kn0bjockey'....

We bought a house in 1990, paid off the mortgage in 18 years, allowed an aging relative to live in it rent free after a change in their circumstances, and bought another for ourselves to live in.

Oh, and buying in 2007 on a tracker has saved us £40,000 versus renting for the same time....

So pretty much all of your little rant was an "epic fail"...

Which personality did that? The first or the 2nd?

Thrugelmir

chucky wrote: »

that would indicate that the banks do have money which is the opposite to what many say on here that the banks do not have money to lend.

UK banks lent a net £10 billion less in April. The previous 6 months have a net average reduction of around £4.1 billion a month.

There's a quiet squeeze being applied. As banks recapitalise and reduce dependance on wholesale funds.

The demand may be there for borrowing, but tighter criteria in both consumer and corporate sectors is dampening actual advances.