Credit where it's due

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7978434.stm

Britain's banks and building societies are set to make credit more easily available to homeowners and businesses, according to a Bank of England report.

It said lenders had been tightening the availability of secured credit to households, as home prices continued to fall in the first quarter of 2009.

But lenders are now set to boost available credit in the second quarter.

It comes as Nationwide's survey found house prices rose 0.9% during March, the first rise in 16 months.

"The economic outlook was no longer expected to be a factor bearing down on credit availability," the Bank of England survey said, of the lenders' new outlook.

"Improvements in the cost and availability of funds were expected to support increased credit availability over the next three months."



Back to 125% LTV mortgages at 10x self certified salaries.

Boomed!

This bubble cannot be burst!

[AtW]

Back to 125% LTV mortgages at 10x self certified salaries.

Looks like you will finally be able to afford that mansion house in Swindon

[Cyberman]

Credit is fine as long as the stupid banks check that people have ability to repay the debt !!

[DimPrawn]

http://newsimg.bbc.co.uk/media/image..._apr09_226.gif

It's like the hockey stick in Global Warming. It must be true!

[AlfredJPruffock]

Back to 125% LTV mortgages at 10x self certified salaries.

The Good Old Days.
The Sun is Shining.
Contracts galore.
Fill your boots up.


Could this be Henman's year after all ?

[AlfredJPruffock]

Credit is fine as long as the stupid banks check that people have ability to repay the debt !!

Thats so old-fashioned - debt doesnt matter.

If you are printing the money that is.

[Cyberman]

http://newsimg.bbc.co.uk/media/image..._apr09_226.gif

It's like the hockey stick in Global Warming. It must be true!

Within a couple of years it will be showing a nice 'V' sign.


BUY NOW WHILE THEY ARE GOING CHEAP !!!!!

[PRC1964]

Talking of houses for DP, you wanted one by the A3 didn't you?

http://www.johndwood.co.uk/site/sear.../buy-WIM050113

It is "in need of total refurbishment", but it's a snip at £8,750,000

[SallyAnne]

Back to 125% LTV mortgages at 10x self certified salaries.

Boomed!

This bubble cannot be burst!

The fact of the matter is there is a massive demand for housing in this country, and there will continue to be a massive demand for housing in this country.

The first thing that'll happen once the global recession calms down is that house prices will go back through the roof.

House prices and the economy really have no baring on each other in the bigger picture.

[AtW]

The fact of the matter is there is a massive demand for housing in this country, and there will continue to be a massive demand for housing in this country.

Yes and this demand all of a sudden appears in the last 5 years when prices doubled?

Prices will fall 50% - either directly or indirectly (via inflation), or both.