Funding For Lending to be re-focused away from mortgage lending

Glen_Clark

innovate wrote: »

to celebrate that your kids will be able to pay more for their mortgage?

No. To celebrate the possibility house prices may come down to a level that first time buyers can afford if they were no longer pumped up by Help to Bubble!!

Archi_Bald

A_Flock_Of_Sheep wrote: »

I am fed up with helping the sodding borrowers.

I am sure there will be at least one borrower who will be fed up helping you sodding saver.

CLAPTON

Glen_Clark wrote: »

No. To celebrate the possibility house prices may come down to a level that first time buyers can afford if they were no longer pumped up by Help to Bubble!!

house prices will fall when they are fewer people able to buy (unless more properties are built).

A_Flock_Of_Sheep

Archi_Bald wrote: »

I am sure there will be at least one borrower who will be fed up helping you sodding saver.

Yes but the borrowers have had their fair share quota of help over the last decade firstly with credit being thrown at them and now with cheap interest rates. It's about time borrowers got put on the back burner and savers were the ones in the forefront of help.

Archi_Bald

I'd rather have people able to continue to afford their mortgages than getting a lot of interest myself. I am a mortgage and debt-free saver & investor, and I like to think I have a social conscience.

Glen_Clark

Archi_Bald wrote: »

a lot of interest

What would you consider a reasonable rate of interest- below inflation, around inflation, or above inflation?

Glen_Clark

CLAPTON wrote: »

house prices will fall when they are fewer people able to buy (unless more properties are built).

True, and fewer people would be able to buy without Help to Bubble paying them to borrow by lending taxpayers money at rates below the rate of inflation.
People are beginning to realise that the only people benefiting from Help to Bubble are landlords - at the expense of everyone else. It might get Osborne elected in Tatton where they are obsessed with their house price. But the others are getting worried as the Tory party is lagging 100 seats behind New Labour. Thats what all this is about.