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Debate House Prices
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how long before the first 100% mortgage to return
Comments
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15 years
Or 2 or 3 years secured on your earnings which can be deducted at source.Not Again0 -
HAMISH_MCTAVISH wrote: »I take it by "most people", you mean the voices in your head.....
Wait till monday mr.cluelessI am not a financial expert, and the post above is merely my opinion.:j0 -
illgetthere wrote: »a brave one?
Why brave? The lenders in the market have no need to take excessive risk. Quite the reverse. As tougher stress testing seems now to be annual event.
Quite possibly several Building Societies are going be down graded in the credit markets shortly.0 -
100% mortgages won't return while Basle III is still agreed in its current form. Any lending over 65-75% LTV is unattractive to the banks under Basle III.0
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100% mortgages won't return while Basle III is still agreed in its current form. Any lending over 65-75% LTV is unattractive to the banks under Basle III.
Which is why, ultimately, it is likely to be changed.
Can't get re-elected with a housing market in the doldrums....;)“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 -
HAMISH_MCTAVISH wrote: »Which is why, ultimately, it is likely to be changed.
Can't get re-elected with a housing market in the doldrums....;)
The conservatives did in 1992 actually.
Hamish is just setting them up and I am smacking them out of the ball park at the moment. Thanks Hamish, I am on fire proving you wrong at the moment!I am not a financial expert, and the post above is merely my opinion.:j0 -
Didn't Lloyds offer a 100% recently or talk of it? not for FTB's though.0
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HAMISH_MCTAVISH wrote: »Which is why, ultimately, it is likely to be changed.
Can't get re-elected with a housing market in the doldrums....;)
No bank will do it anymore, they will get downgraded. 100% mortgages will never happen again.0 -
HAMISH_MCTAVISH wrote: »Which is why, ultimately, it is likely to be changed.
Who by? I wonder.0 -
No bank will do it anymore, they will get downgraded. 100% mortgages will never happen again.
Don't agree.
When Brazil had hyperinflation in the 1980's, mortgages were well over 100%. In fact I believe they had to pay up to 430% on their loans at the worst point.
I can guarantee that when BOE Base Rate approaches 75%, the Halifax will be looking at 100% mortgages. Don't know what LTV they will apply, though!0
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