how long before the first 100% mortgage to return

lemonjelly

neverdespairgirl wrote: »

I don't know quite why you say that - consumer protection has grown massively and it's actually much harder for a bank to repossess than it used to be.

From my perspective, it seems that the use of charging orders has grown significantly in recent years.

Since the increase in regulation of the mortgage market, repossession by lenders is a little more complex for lenders, but not massively so imo.

However, the unsecured credit market has yet to see anything like similar regulation, and in my experience the past 3-4 years has seen a notable increase in creditors applying for charging orders.

To what extent it will affect the market, or anything could well be negligible. Part of me wonders whether it is a way of storing up a problem for the future. There could be some very disgruntled relatives finding out they are inheriting less in some years, though they won't actually be losing anything, just not gaining what they thought they might.

It might impact on help people get with care home fees as they age though, as capital in your home is taken into account. The value of the charging order will be knocked off, so in theory the taxpayer could well be funding elderly care packages a lot earlier.

IveSeenTheLight

Generali wrote: »

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.

As I understand it, banks paid fortunes to find ways round Basle I and Basle II.
Why not again for Basle III.

http://blogs.reuters.com/felix-salmon/2010/04/12/the-search-for-basel-iii-loopholes-begins/