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FT: sub-prime a bigger concern for Britain then previously thought

24

Comments

  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    JonnyBravo wrote: »
    Thanks for that. Am having a slice of that!

    Finally got round to putting my bet on..... they limited my bet to £120.... even the bookies know what's coming it would seem :rolleyes:
  • Sisyphus
    Sisyphus Posts: 293 Forumite
    chucky wrote: »
    m00m00 - you're right but take my below points into consideration when you do say that.

    the banks have lost millions, there are also other banks who have made billions and billions out of this...
    hi Chucky, could you name a couple?
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    m00m00 wrote: »
    the banks have lost billions and billions

    does anyone really think they are in a rush to do exactly the same thing again, even if they could ?

    I'm sure over nearly the last two decades the banks have made billions and billions
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • m00m00
    m00m00 Posts: 1,755 Forumite
    and throughout most of those last 2 decades they made billions by prudent lending on sensible house prices.
    It's a health benefit ...
  • 20% aint enough in our area to get FTB's on the ladder but at that amount several BTL's I know will be increasing their stock.

    What area is that?
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • taffr wrote: »
    EmmaH warned you back in April 2006....people didnt listen then and looks like you 'brokers' who were selling sub prime morgages [and advising on this site] and making a few bucks out of selling this crap didnt like what she said....and had her thrown off the site....

    shame on you all.

    http://forums.moneysavingexpert.com/showthread.html?t=186002&highlight=redstone

    Look at all her post...genius, kind, respectful, warning and forward thinking!

    Taff R

    Some of the mortgage advisers certainly weren't very happy at the information/warnings she was giving out.

    I think I read somewhere (on the mortgages board?) that people can now sue their broker.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • slipthru
    slipthru Posts: 626 Forumite
    Part of the Furniture 500 Posts
    Some of the mortgage advisers certainly weren't very happy at the information/warnings she was giving out.

    I think I read somewhere (on the mortgages board?) that people can now sue their broker.

    I wonder if anyone will.
    In Progress!!!
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    JonnyBravo wrote: »
    Finally got round to putting my bet on..... they limited my bet to £120.... even the bookies know what's coming it would seem :rolleyes:


    Get on before it's too late!
    More money for your "big deposit" or some money to help subsidise your rental depending on the side of fence you're on! :D

    This isn't going to be around for long... Halifax's next figures will see these odds change.
  • Treadmill
    Treadmill Posts: 1,102 Forumite
    taffr wrote: »
    EmmaH warned you back in April 2006....people didnt listen then and looks like you 'brokers' who were selling sub prime morgages [and advising on this site] and making a few bucks out of selling this crap didnt like what she said....and had her thrown off the site....

    shame on you all.

    http://forums.moneysavingexpert.com/showthread.html?t=186002&highlight=redstone

    Look at all her post...genius, kind, respectful, warning and forward thinking!

    Taff R

    That is very very interesting, If that was posted now would the responses still be the same ?
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    Treadmill wrote: »
    That is very very interesting, If that was posted now would the responses still be the same ?

    The sheer vehemence of some of the replies is pretty notable. Even more than the antipathy generated by the HPC posts in this group in the last month. I guess people back then really weren't ready to hear the bad news.
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
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