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Debate House Prices


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FTB's still struggling.

2»

Comments

  • Conrad wrote: »
    Europe and the FSA have been demanding more reserves which automatically implies less lending. What's not to understand here?

    FTB's will struggle to get mortgages until such time as we decide the FSA has gone too far.

    Hasn't this been offset by the quantitative easing measures?
  • purch
    purch Posts: 9,865 Forumite
    Lenders typically require relatives who have provided the cash gift to write a formal letter confirming the sum is a gift without reservation.

    Not sure why this should be a problem, or certainly not a new problem.

    The money laundering regulations would ensure that any monies would have to be accounted for, and the source identified and this has been the case for many years.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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