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Funding for Lending extended to Buy-to-let?

24

Comments

  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Over on hpc.co.uk this news has hit them like a broadside from the HMS Hood.

    uss_new_jersey_firing_broadside_card.jpg

    To be honest I am pretty shocked too. How venal are this government? It is like those who are priced out and renting are being ground under foot as if they dont even count.
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    ruggedtoast wrote: »
    Over on hpc.co.uk this news has hit them like a broadside from the HMS Hood.

    To be honest I am pretty shocked too. How venal are this government? It is like those who are priced out and renting are being ground under foot as if they dont even count.

    Those hoping to buy are getting some semblance of attention, though measures to 'help' them are in reality a front for boosting house prices, land values and developers.

    Renters on the other hand a pretty much politically irrelevant.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ruggedtoast wrote: »
    Over on hpc.co.uk this news has hit them like a broadside from the HMS Hood.

    Has the Bismarck been sighted?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Turnbull2000 wrote: »

    Renters on the other hand a pretty much politically irrelevant.

    Yer - cus only home onwers bother voting. :undecided
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    Thrugelmir wrote: »
    Paragon lent £184 million for BTL according to their 2012 accounts.

    To put that number in perspective.

    HSBC advance around £59 million per working day in mortgage advances.

    So hardly making an impact.

    260 working days x 59 million pounds equals £15,340,000,000

    Are you serious?

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • Dribley
    Dribley Posts: 178 Forumite
    Turnbull2000 wrote: »
    Hi we've had to remove your signature. You're obviously quite dim, as you haven't even noticed.

    :rotfl::rotfl::rotfl:
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    edited 24 April 2013 at 9:59PM
    Graham_Devon wrote: »
    Yer - cus only home onwers bother voting. :undecided

    You could say the purpose of tenants is to fund the financial well being of those who do bother. As one London landlord remarked - tenants are the cows, and are there to be milked. I'd imagine many politicians share this sentiment.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • undetterred
    undetterred Posts: 635 Forumite
    500 Posts
    Turnbull2000 wrote: »
    You could say the purpose of tenants is to fund the financial well being of those who do bother. As one London landlord remarked - tenants are the cows, and are there to be milked. I'd imagine many politicians share this sentiment.

    Milk em dry thats the way:money:

    Even Martin would approve.
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    Thrugelmir wrote: »
    Paragon lent £184 million for BTL according to their 2012 accounts.

    To put that number in perspective.

    HSBC advance around £59 million per working day in mortgage advances.

    So hardly making an impact.

    :rotfl:

    it's a Turnbull thread. "perspective" doesn't come into it.
    FACT.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TruckerT wrote: »
    260 working days x 59 million pounds equals £15,340,000,000

    Are you serious?

    TruckerT

    Think you've miscounted the number of working days in a year.

    Totally serious.

    Combined gross mortgage lending in 2008 by Llloyds and Hbos was £78 billion.
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