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Debate House Prices
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Did I Hear Robert Peston Right - 75% LTV
doire_2
Posts: 2,280 Forumite
when he said that as Osbourne has give the BOE the power to monitor banks it means the BOE can stop banks giving mortgages if house prices become too high?
Can someone confirm that? I was half asleep lastnight when the report was on
Can someone confirm that? I was half asleep lastnight when the report was on
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Comments
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when he said that as Osbourne has give the BOE the power to monitor banks it means the BOE can stop banks giving mortgages if house prices become too high?
Can someone confirm that? I was half asleep lastnight when the report was on
In theory, yes, the BOE could restrict mortgages, but no details have been given yet as how this would work in practice."You were only supposed to blow the bl**dy doors off!!"0 -
They are thinking of using LTV limits as a means of controlling excessive HPI. And not before time!0
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They are thinking of using LTV limits as a means of controlling excessive HPI. And not before time!
Just read it could be 75%. :T
Oh dear. Some estate agents are worried. My heart bleeds
http://uk.finance.yahoo.com/news/mortgage-caps-40pc-could-be-denied-a-loan-tele-5113bf50d943.html?x=00 -
it will never happen - 85%/90% would be the max i would have thought that they'd restrict it to.
and that's if the housing market overheats - which it won't for a while yet...0 -
Have to agree with Chucky here 75% is never going to happen but 90% I think would be better.:cool:
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Chaos_A.D. wrote: »Aye 75% I would imagine is a pipe dream, as I've said in another thread, pity. 75% LTV could have perhaps been implemented in 2000-2001, but the resulting crash now would be too much for the economy to bare, especially if the 40% CGT comes into force.
The legislation if were to be introduced would not be retrospective.
It would merely be a mechanism to stop a new bubble occuring in the future.
Existing mortgage holders would be uneffected.
The mortgage market has a long way to go before normalising yet, so this piece of legislation most likely won't be required anyway.0
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