http://www.telegraph.co.uk/finance/personalfinance/borrowing/8418437/Bank-of-England-warns-of-rise-in-loan-defaults.html
Extract below
Melanie Bien, of mortgage brokers Private Finance, said: “By switching from repayment to interest-only, homeowners can significantly reduce their monthly costs which may make the difference between keeping the roof over their heads or falling into arrears and possibly losing their home to repossession. By severely restricting the availability of interest-only deals, lenders may be denying desperate homeowners a vital lifeline.”
-----
SS says
Loan defaults surging is a sign of bad times to come.
Melanie is advising going to interest only loans - the very reason that we saw this bubble
build up.
Pls wake up and stop dreaming.
How about - "Cut your coat according to your cloth"
If you cant afford it - just don't buy it.
This is the main reason this place is going down!!!!!
Extract below
Melanie Bien, of mortgage brokers Private Finance, said: “By switching from repayment to interest-only, homeowners can significantly reduce their monthly costs which may make the difference between keeping the roof over their heads or falling into arrears and possibly losing their home to repossession. By severely restricting the availability of interest-only deals, lenders may be denying desperate homeowners a vital lifeline.”
-----
SS says
Loan defaults surging is a sign of bad times to come.
Melanie is advising going to interest only loans - the very reason that we saw this bubble
build up.
Pls wake up and stop dreaming.
How about - "Cut your coat according to your cloth"
If you cant afford it - just don't buy it.
This is the main reason this place is going down!!!!!
No comments:
Post a Comment