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barsark

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  1. .....and what does a £500 mortgage get you these days? So by this, do we have to assume that mortgages will be removed from those unable to afford according to the new rules? Many people stretched their affordability chasing the ellusive property profits or merely trying to keep up with the Jones', I know bank managers, doctors and people who, in no other field of life lie, but did so to remain in the property game, all of these would be ruined The results would be horrific, surely?
  2. Returning, to the previous mentions of the new fsa lending guidelines, has anyone here established how existing customers - that did abuse the lax standards at the time - will be treated, upon renewel? Does an existing mortgage holder need to meet new criteria, upon renewal? The ramifications of an environment of harsh treatment of such people, in such numbers as is prevelant, would surely be dire for the already limping market? http://www.moneyweek.com/news-and-charts/e...shes-14671.aspx As the above article points out, returning to three times salary is unworkable given current prices - without some major corrections. Also, there seems to be the potential for a pre 2010 implication rush?
  3. http://www.mineweb.co.za/mineweb/view/mine...4&sn=Detail Found this, you gold bugs may be interested.
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