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It has started 08:51 - Sep 3 with 895 viewsgtsb1966

2008 revisited. It's going to be an even rougher ride this time. Good luck everyone. See you on the other side.
https://www.bbc.co.uk/news/business-54000714

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It has started on 08:55 - Sep 3 with 861 viewsitfcjoe

Where my wife works, which is a very big lender, they are already not using commission and bonuses in the calculation.

Time to sit tight and hold your breath

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It has started on 09:01 - Sep 3 with 825 viewsGuthrum

We were already on the road to a higher proportion of rentals, even before this.

On the other hand, if lenders don't lend, their sources of income will eventually dry up. And nobody will lend to them if interest rates are too low.

Good Lord! Whatever is it?
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It has started on 10:12 - Sep 3 with 705 viewsfactual_blue

#prayforjacobreesmogg

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It has started on 10:14 - Sep 3 with 696 viewsuefacup81

I'm not sure I necessarily agree with you here.

The article you've linked to suggests, rather than a repeat of 2008, the lenders have learned lessons since then and are taking pre-emptive action to avoid a repeat.

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It has started on 10:30 - Sep 3 with 661 viewsPendejo

It has started on 10:14 - Sep 3 by uefacup81

I'm not sure I necessarily agree with you here.

The article you've linked to suggests, rather than a repeat of 2008, the lenders have learned lessons since then and are taking pre-emptive action to avoid a repeat.


Surely the "it's started" related to credit crunch aspect rather than the house of cards that was built on a bog of toxic debt?

uberima fides
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It has started on 10:33 - Sep 3 with 653 viewshampstead_blue

This will certainly slow down new homes being built.

More rentals means more income for the Government as the taxes on btl are much higher than they used to be.

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It has started on 10:48 - Sep 3 with 615 viewsBanksterDebtSlave

Cash rich Londoners are buying up Suffolk new builds and attempting to charge London style rents.....what could possibly go wrong. Go long on pitchforks!

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It has started on 14:01 - Sep 3 with 444 viewsflimflam

It has started on 08:55 - Sep 3 by itfcjoe

Where my wife works, which is a very big lender, they are already not using commission and bonuses in the calculation.

Time to sit tight and hold your breath


Which they should not of included anyway.

Go back to 4 x salary lending and stop people taking on a life of huge debt that consumes a massive % of their pay packets every month.

All men and women are created, by the, you know the, you know the thing.

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