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Debate House Prices
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how long before the first 100% mortgage to return
illgetthere
Posts: 123 Forumite
Or is there one already?
I think we are not far away...
Would this be the start of the mad times again?
I think we are not far away...
Would this be the start of the mad times again?
As Sceptic Peg predicts, House prices this week will be going up!.............................or down.
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Erm... never?! They do not demonstrate good lending by the banks. The risk is too high. Deposit is the only way now.0
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i agree, but i dont think we can trust sense......As Sceptic Peg predicts, House prices this week will be going up!.............................or down.0
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Well if the banks can't learn from their previous mistakes then god help us.0
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I expect the first report from the banking review on monday to say that mortgages wont be allowed to be over 90% of the total value. This is what most people are saying will happen, and it will helped to stop lax lending from ever returning again.I am not a financial expert, and the post above is merely my opinion.:j0
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I expect the first report from the banking review on monday to say that mortgages wont be allowed to be over 90% of the total value. This is what most people are saying will happen, and it will helped to stop lax lending from ever returning again.
I take it by "most people", you mean the voices in your head.....“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”0 -
I think that they will happen again
What is the salary multiples for mortgages in the UK?
Over here it is up to 5 or 6 x joint salary (for a joint mortgage obviously)0 -
I think 100% mortgage will return in some form in the next 18 or so months. Probably similar to the NR debacle 90% secured 10% unsecured loan.
Personally i am not against 100% mortgages as long as the salary multiple is sensible like less than 3 x single, 2.5 x joint or something. I don't have an issue with ltv's more the lending of silly multiples to those with a track record that is more than a little wobbly.MF aim 10th December 2020 :j:eek:MFW 2012 no86 OP 0/2000
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illgetthere wrote: »I think we are not far away...
Name the lender...........0 -
Thrugelmir wrote: »Name the lender...........
errr. good shout..As Sceptic Peg predicts, House prices this week will be going up!.............................or down.0 -
Thrugelmir wrote: »Name the lender...........
a brave one?As Sceptic Peg predicts, House prices this week will be going up!.............................or down.0
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