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One Million FTB-s prevented from buying
Comments
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“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: »Well, for once we agree.
Nice of you to pop in hamish, easy one for you to respond to eh, i may not be an economics genius like you but i sure dont look like the soft ar5e that you come across as.
Out of curiosity, you know all the times that you ignore posts,leave threads, or change the subject on, everybody can see why you bail out when you do but what i want to know is how the h3ll you justify it in your own mind.
If i was you id feel like a proper t!t0 -
You can say tits on this forum. And Hell. But not ar5e.Been away for a while.0
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HAMISH_MCTAVISH wrote: »http://www.express.co.uk/posts/view/238229/2382291m-first-time-buyers-frozen-out-of-market#ixzz1KIuXFkU3
Mortgage Rationing rears it's ugly head yet again.
Oh, and.....
Thanks Hamish.
Excellent news.
Reduced competition for those sensible FTBs with decent deposits.0 -
Running_Horse wrote: »You can say tits on this forum. And Hell. But not ar5e.
Can you say mother!!!!ing !!!!?0 -
only on mother!!!!ing sunday0
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They're rationing summer holidays too.
Only giving then to people who can afford to pay.
There's no shortage of summer holidays.
There is a shortage of mortgage funding.“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: »
Here's the reality..... If the banks suddenly had 500,000 FTB-s show up with a 25% deposit and good credit, they'd have to move the goalposts to a 30% deposit, or a 40% deposit. Because they don't have enough money to lend.
Wrong. If FTB's spent time accumulating deposits of that size. Then the mortgage market would become self funding.
Lenders will be able to advance more if people save more.0 -
HAMISH_MCTAVISH wrote: »There is a shortage of mortgage funding.
For those without a decent deposit and/or requiring a high salary multiple.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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