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Cameron blames lenders for weak UK housing market

ninky_2
ninky_2 Posts: 5,872 Forumite
in Debate House Prices & the Economy
nothing to do with unemployment, underemployment or historical reckless lending coming home to roost then? no, lend lend lend and it will all be fine......

very short sighted. not that i expect much more.:D

http://www.dailymail.co.uk/news/article-1344568/The-housing-market-stuck-David-Cameron-criticises-excessive-home-loan-restrictions.html
Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
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Comments

  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    TBF there is still demand and lending is very restricted, it is not far off as hard to get a mortgage as it was in 2008.

    If you could get a mortgage at a decent rate with a 5% or 10% deposit I dare say more houses would be sold.
  • ILW
    ILW Posts: 18,333 Forumite
    A lot depends on the definition of "weak housing market". Does it mean stagnant and falling prices, or low transaction levels? Two totally different things and depending upon opinion good and bad in both.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    My view on weak is always transactional.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    An easy way to deflect news attention away from Milliband. Nothing of substance in the story just a view by Cameron.
  • jamespmg44
    jamespmg44 Posts: 130 Forumite
    Really2 wrote: »
    TBF there is still demand and lending is very restricted, it is not far off as hard to get a mortgage as it was in 2008.

    If you could get a mortgage at a decent rate with a 5% or 10% deposit I dare say more houses would be sold.

    But was easy mortgages not one of the main reasons for the credit crunch happening.

    It should be hard to get a mortgage in my opinion - a sizeable deposit and cast iron proof of income should be required.
  • torontoboy45
    torontoboy45 Posts: 1,064 Forumite
    jamespmg44 wrote: »
    But was easy mortgages not one of the main reasons for the credit crunch happening.

    It should be hard to get a mortgage in my opinion - a sizeable deposit and cast iron proof of income should be required.
    of course it should. a min 10% deposit, a proven record of saving ability and steady(ish) income.

    ***chrissakes, I'm back to the early 80's and showing my age***
  • jamespmg44
    jamespmg44 Posts: 130 Forumite
    torontoboy45 wrote: »
    of course it should. a min 10% deposit, a proven record of saving ability and steady(ish) income.

    ***chrissakes, I'm back to the early 80's and showing my age***

    Ach you're not old just because you think that.

    I'm only 29 and I think the same way as you ;)
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ninky wrote: »
    nothing to do with unemployment, underemployment or historical reckless lending coming home to roost then? no, lend lend lend and it will all be fine......

    very short sighted. not that i expect much more.:D

    http://www.dailymail.co.uk/news/article-1344568/The-housing-market-stuck-David-Cameron-criticises-excessive-home-loan-restrictions.html
    how come he didn't blame the previous government on this???

    that's what he normally does...
  • Linton
    Linton Posts: 18,353 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    jamespmg44 wrote: »
    But was easy mortgages not one of the main reasons for the credit crunch happening.

    It should be hard to get a mortgage in my opinion - a sizeable deposit and cast iron proof of income should be required.

    No it wasnt, at least not mortgages in the UK.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The prime minister has said banks and building societies are to blame for becoming too stringent in their lending regulations.

    David Cameron said high-street lenders were being too cautious and were preventing the housing market from progressing.

    Spot on.

    Seems the tories have really woken up lately.
    “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”
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