In what can only be described as positive rumblings, Trumpo learns of money burning holes in many overseas banks pockets.

For more than a year now the “new net lending” doors have been well and truly closed. However this week Trumpo has learnt of a number of new lenders entering the lending arena, possibly spurred on by the arrival in the UK of Bank of China looking to capitalise on the unprecedented lending margins attainable from the poor old british public.

Now call me old fashioned, but if the Bank of China can lend confidently and profiteer, why cant the Bank of England and British Banks?

Dont be shocked if we soon see Mortgages from The Bank of India followed swiftly by the Daddy of lending; a US Govt sponsored Bank of America. – Trumpo says bring it on.

New Mortgage lending in the UK is now 400% more profitable than it was 2/3 years ago. Banks used to work on approximatley 0.8% rate margin over the bank base rate. They are now lending mortgages at more than 4% margin over the base rate. Now all these profits will be flooding to China !  come on Bank of England and the British Govt – wake up and smell the coffee !!!!  

Its a shame that the British public are going to be helped by overseas Banks, they must be laughing all the way to the Bank!

Now where is that Bank of China mortgage application form.

Your positive Trumpo.

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