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We may run out of money, say mortgage lenders

Last post 02-08-2010 2:38 PM by

 

Alistair Thomas.

1 replies.

 
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  • 02-08-2010 2:38 PM

    • MT
    • Top 10 Contributor
    • Joined on 07-07-2009
    • Posts 1,474

    We may run out of money, say mortgage lenders

    Lenders warn that withdrawing their support too soon could lead to a collapse in the mortgage market.

    Read the whole article.

  • 02-08-2010 2:38 PM
    In reply to

    RE: We may run out of money, say mortgage lenders

    House prices havn't ywt fallen to the point where the average family can afford the average family home with 5% deposit and 3.5x One salary or 2.5x two salaries and already the market is starting to inflate again. Surely this means that a good deal of risky lending has started again. Banks and politicians clearly haven't learned anything from the crisis yet. Things haven't even returned to normality and they are already itching to get the infaltionary cycle underway again. Beggars belief.

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