Don’t worry. Bankers and millionaires will help you by buying up that housing and letting you rent it at an ‘affordable’ rate.
Bless them, they love to look after the little folk.
Great to see the government with their hands on the economic steering wheel!
Vote them out.
I’m 28 and I’ve always been ignorant to voting, I actually think I’m going to make a change this time around.
I can no longer groan on about all of this without actually trying to help make a change.
In the interests of alleviating any undue panic from anyone who hasn’t tried to get a mortgage lately, I wanted one three years ago and calculated I could afford 130k at £560 pm repayments. The banks calculated I could afford £250k… which as far as I was concerned would have been financially crippling on the repayments.
If the banks are tweaking their models, im hopeful that the only people who will be priced out of the mortgage they wanted were the people who genuinely could not afford that mortgage anyway.
Good.
We saw in 2008 what happened when you give everyone and anyone mortgages.
The banks are reigning things in because they fear the housing balloon is about burst. Because if they believe inflation is going to have an impact on those about to get a new mortgage, then think of all those mortgages committed by them in PRE-INFLATION days. Many of these would have been issued to people already on the very margins. Inflation is the tipping point of no return, and the banks can do sod all – other than increase interest rates – to quell it.
Strap yourself in folks. For we are about to enter the disaster capitalists last refuge. If Sunak thinks things are tough now, he’s sadly mistaken. These will be remembered as his GOLDEN DAYS when history reflects on what’s to come in the months and years ahead.
But no doubt the buy to let mortgages will still be handed out as the renters will be paying the mortgage instalments for them
It’s really ironic that I can’t afford a mortgage of £850 a month, even though I never miss a payment on my £1400 a month rent.
Almost as if they make buying a house not for the little people.
Housing bubble crash coming . you loose your job . You sell property cheap . cash buyer’s buy buy property make money , that what you do Barkley’s bank have purchased 50 thousand property’s to rent out fact so sell your property ASAP make profit the will be a correction in the system .
Because fuck everyone else. If you aren’t rich or already own a home, you do not get to buy a home. In fact, you should give the banks half of your wages for even considering such a silly idea whilst lord king Boris the idiot gets the rest as a tithet.
10 comments
Don’t worry. Bankers and millionaires will help you by buying up that housing and letting you rent it at an ‘affordable’ rate.
Bless them, they love to look after the little folk.
Great to see the government with their hands on the economic steering wheel!
Vote them out.
I’m 28 and I’ve always been ignorant to voting, I actually think I’m going to make a change this time around.
I can no longer groan on about all of this without actually trying to help make a change.
In the interests of alleviating any undue panic from anyone who hasn’t tried to get a mortgage lately, I wanted one three years ago and calculated I could afford 130k at £560 pm repayments. The banks calculated I could afford £250k… which as far as I was concerned would have been financially crippling on the repayments.
If the banks are tweaking their models, im hopeful that the only people who will be priced out of the mortgage they wanted were the people who genuinely could not afford that mortgage anyway.
Good.
We saw in 2008 what happened when you give everyone and anyone mortgages.
The banks are reigning things in because they fear the housing balloon is about burst. Because if they believe inflation is going to have an impact on those about to get a new mortgage, then think of all those mortgages committed by them in PRE-INFLATION days. Many of these would have been issued to people already on the very margins. Inflation is the tipping point of no return, and the banks can do sod all – other than increase interest rates – to quell it.
Strap yourself in folks. For we are about to enter the disaster capitalists last refuge. If Sunak thinks things are tough now, he’s sadly mistaken. These will be remembered as his GOLDEN DAYS when history reflects on what’s to come in the months and years ahead.
But no doubt the buy to let mortgages will still be handed out as the renters will be paying the mortgage instalments for them
It’s really ironic that I can’t afford a mortgage of £850 a month, even though I never miss a payment on my £1400 a month rent.
Almost as if they make buying a house not for the little people.
Housing bubble crash coming . you loose your job . You sell property cheap . cash buyer’s buy buy property make money , that what you do Barkley’s bank have purchased 50 thousand property’s to rent out fact so sell your property ASAP make profit the will be a correction in the system .
Because fuck everyone else. If you aren’t rich or already own a home, you do not get to buy a home. In fact, you should give the banks half of your wages for even considering such a silly idea whilst lord king Boris the idiot gets the rest as a tithet.