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Guardian: 95% Mortgages "not a source of risk"
Comments
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HAMISH_MCTAVISH wrote: »
And to be honest, I actually wouldn't care if 95% mortgages were LTI limited to say 3.5 times main plus 1 times second applicant, if it then meant they could become much more widely available. Those LTI limits could then be extended as the LTV decreased.
Why would LTV reduce for FTB?
95% LTV mortgages are a source of risk otherwise capital ratios would not be higher for them. We wouldn't need MIGs and higher rates and fees."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
HAMISH_MCTAVISH wrote: »Non self-cert required proof of income.
............ which takes us back to what I originally said in post #8.
Are you really this daft or just winding everyone up with your nonsense posts?0 -
grizzly1911 wrote: »95% LTV mortgages are a source of risk otherwise capital ratios would not be higher for them. We wouldn't need MIGs and higher rates and fees.
The professor disagrees with you.
He specifically states that....
They have been the norm for the last 30 years, when more than half of first-time buyers had deposits of less than 10%. That in itself was not a source of risk.“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: »The professor disagrees with you.
He specifically states that....
They have been the norm for the last 30 years, when more than half of first-time buyers had deposits of less than 10%. That in itself was not a source of risk.
Yippe doodle doo.
Who gives a f*ck about what some "professor" says?0 -
............ which takes us back to what I originally said in post #8.
Ah yes, your usual routine, "it was all a conspiracy and everybody lied".
Just absolute nonsense.“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 -
Who gives a f*ck about what some "professor" says?
Rational and sane people.
That want to debate facts and evidence, rather than ill-informed and irrational opinions, posted by conspiracy theorists.“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 -
Theres a lot of other stuff in the article Hamish.
For example, I note the bit about favourable conditions for owners and BTL landlords.The second is the problem of intergenerational inequality. We have a tax regime which favours owners, who are likely to be older, and a regulatory bias that rewards buy-to-let landlords with interest-only mortgages – obtained by people who have already generated wealth to invest through the housing market – while it is predominantly young people who still cannot access mortgage finance without prohibitively large deposits:
So is the author still right? You happy to accept that aw an owner, you are at an unfair advantage? You happy to accept BTL landlords playing on unfair advantages?
So would you be happy for instance, to increase funding to FTB's by reigning in funding from BTLs?0 -
McTittish .... I'll back at 9pm
You are interrupting my Abby Martin fix.0 -
On a second point, why on earth did you edit the guardian article in your quote? You haven't quoted full paragrahs, you've simply taken what you like and made out the Guardian have written it that way.
I was trying to find what you quoted as usally you stop quoting right at the bit that's important or offers alternative views. Was finding it hard and realised you have cobbled sentences together and removed sentences.0 -
Graham_Devon wrote: »So is the author still right? You happy to accept that aw an owner, you are at an unfair advantage? You happy to accept BTL landlords playing on unfair advantages?
That the current insidious mortgage rationing only penalises FTB-s while allowing an advantage to established owners and investors is beyond debate.
I've frequently pointed it out.
So of course the author is right.So would you be happy for instance, to increase funding to FTB's by reigning in funding from BTLs?
Better yet, increase funding to everybody.
You can't fix a housing shortage by restricting credit.
As we've seen only too well, and as this article points out clearly.“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
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