UK Landlord Forum / Life

says the Bank Of England.

The BoE says that lenders might be over-estimating sub-prime losses, and what they should be doing, instead of making it tougher for people to borrow, is start lending again. If they don't, they're contributing to a self-fulfilling prophecy, as house prices slide and debt loses its value.

Hmm...self-fulfilling prophecy, this has come up a few times in this forum.

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I have heard the same fag,
The problem is people see whats happening in the US and as we follow usually 12 mths down the line they think we are going to be hit hard aswell,  I dont think we will, in fact some geeza on the box last night said things will start to look up sooner rather than later as some figures are turning already.

Happy days Braaa

I think the banks will milk this for all its worth, already reports of cuts not being passed to borrowers. They do need to look at how they lend and no more silly deals of 110% etc, IMO we will see nothing like the early nineties when interest rates were nearly 15% (and I got a fixed rate for 5 years  )
Let the good times roll

Hopson my dear friend, i do like your +itivity.  And i also agree 

we have to be positive either that or join housepricecrah.com forum where they are all sat there smugly saying I told you so !

Quote from: hopson on May 02, 2008, 12:40:33 PM
we have to be positive either that or join housepricecrah.com forum where they are all sat there smugly saying I told you so !

After 6 years of waiting...