Comments on: The 50 BN business bail out and the drug which is lending. /blog/business/the-50-bn-business-bail-out-and-the-drug-which-is-lending/ Advice in good times and bad Wed, 14 Sep 2011 12:27:47 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: best way to save money\par /blog/business/the-50-bn-business-bail-out-and-the-drug-which-is-lending/comment-page-1/#comment-1760 best way to save money\par Thu, 26 Mar 2009 01:06:38 +0000 http://www.trumpo.com/blog/uncategorized/the-50-bn-business-bail-out-and-the-drug-which-is-lending/#comment-1760 Either you have a big adjustment like a 20 percent or 30 percent decline, or you have a big recession or you have a slow decline in property prices or several years of no growth.\par Either you have a big adjustment like a 20 percent or 30 percent decline, or you have a big recession or you have a slow decline in property prices or several years of no growth.\par

]]> By: Dave So /blog/business/the-50-bn-business-bail-out-and-the-drug-which-is-lending/comment-page-1/#comment-1649 Dave So Tue, 03 Mar 2009 18:54:13 +0000 http://www.trumpo.com/blog/uncategorized/the-50-bn-business-bail-out-and-the-drug-which-is-lending/#comment-1649 What do I think to the Royal bank of scotland? RBS boss Fred goodwin should be stripped of his pension. If they pay him a profit related percentage he will get minus figures. Taking away his pension is the best option. What do I think to the Royal bank of scotland? RBS boss Fred goodwin should be stripped of his pension. If they pay him a profit related percentage he will get minus figures. Taking away his pension is the best option.

]]> By: Mortgage Advisor /blog/business/the-50-bn-business-bail-out-and-the-drug-which-is-lending/comment-page-1/#comment-1495 Mortgage Advisor Mon, 19 Jan 2009 15:30:47 +0000 http://www.trumpo.com/blog/uncategorized/the-50-bn-business-bail-out-and-the-drug-which-is-lending/#comment-1495 If the Northern Rock are to regain there position as the largest residential mortgage lender in the UK, we need to see the return of higher LTV’s products. Many of the best rates and products have been capped to 60% LTV along with only a handful of options offered at 75%. Over this LTV many Banks seem reluctant to lend. I’m not suggesting the return to the 125% products the Northern Rock was offering but the mortgage industry & the general public needs 85 – 90% LTV at an affordable pay rate. If funding becomes available at this level we will see the return of first time buyer. Hopefully this will then end the trend of falling property prices which is denting consumer confidence. Once this confidence returns back into the housing market we should see it filter through to retail and manufacturing sectors. This additional money must go towards funding these much needed higher LTV products. If the Northern Rock are to regain there position as the largest residential mortgage lender in the UK, we need to see the return of higher LTV’s products. Many of the best rates and products have been capped to 60% LTV along with only a handful of options offered at 75%. Over this LTV many Banks seem reluctant to lend.

I’m not suggesting the return to the 125% products the Northern Rock was offering but the mortgage industry & the general public needs 85 – 90% LTV at an affordable pay rate.

If funding becomes available at this level we will see the return of first time buyer. Hopefully this will then end the trend of falling property prices which is denting consumer confidence.

Once this confidence returns back into the housing market we should see it filter through to retail and manufacturing sectors.

This additional money must go towards funding these much needed higher LTV products.

]]> By: Dave Williams /blog/business/the-50-bn-business-bail-out-and-the-drug-which-is-lending/comment-page-1/#comment-1494 Dave Williams Mon, 19 Jan 2009 12:16:50 +0000 http://www.trumpo.com/blog/uncategorized/the-50-bn-business-bail-out-and-the-drug-which-is-lending/#comment-1494 at last some positive action! it strikes me that its all perfectly safe and asset backed (by houses)so why do people and the press grumble at the tax payer getting involved? Am i missing something or is this a relatively safe bet assuming properties will always be in demand? At least it looks as if i wont need to find a new mortgage and i can stick with Northern Rock rather than being kicked out to find a more expensive mortgage! at last some positive action! it strikes me that its all perfectly safe and asset backed (by houses)so why do people and the press grumble at the tax payer getting involved? Am i missing something or is this a relatively safe bet assuming properties will always be in demand? At least it looks as if i wont need to find a new mortgage and i can stick with Northern Rock rather than being kicked out to find a more expensive mortgage!

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