"Strict rules on mortgage lending could be loosened"

Yes, I can't think of anything that could possibly go wrong with that.

#2008FinancialCrisis

And even if it doesn't lead to financial meltdown, it will surely have the effect of inflating house prices.

How does that help first-time buyers?

https://www.bbc.co.uk/news/articles/cdryy33v13ko

#Housing #Mortgages

Subject: Financial advisors (sorry in advance to anyone who is one!)

It's only now I look back on some of the episodes from my youth that I now see how #autistic they were. 😳😂

A thread 🧵

1/18

#ActuallyAutistic #Neurodivergent #AuDHD #FinancialAdvice #Mortgages #Investments

No wonder the BoE/MPC is resisting lowering interest rates; the Bank's own research concludes that around a third of all mortgage holders still are shielded (by fixed rate deals) from the rise in interest rates engineered by the MPC.

So there are plenty of victims that the sado-monetarists have yet to reach... though they'll be heartened to know in the next 3 years around half of all mortgages will get more expensive.

For the MPC: 'no pain, no gain'....

#mortgages
https://www.theguardian.com/business/2024/nov/29/firms-in-shadow-banking-sector-risk-triggering-asset-sell-off-says-bank-of-england