We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
FSA succumb to industy pressure on mortgage restrictions
Comments
-
What a shame if this is true. Why don't the FSA grow a pair and stick to their guns. The proposals they made are generally what this country needs to attempt to create a more realistically levelled and sustainable housing market.
The sooner they get rid of IO mortgages the better.
Maintain strict lending criteria.
These factors will help maintain a more sustainable housing market for the future and could help reduce the further chances of a boom and bust housing market.
It's just a shame the FSA is backing down.0 -
Thrugelmir wrote: »Merely secures the debt, and if the property is sold then the lender is paid off. Not just the arrears but the entire balance.
Ah, but at what cost? Significant legal costs against the mortgagee. & the question has to be asked - are the lenders securing their debts in a esponsible & reasonable way? Clearly not, for the FSA are clearly not happy with the lenders.
And anyway, it is already a secured debt. It doesn't make it a more secure debt.It's getting harder & harder to keep the government in the manner to which they have become accustomed.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards