Missing Madeleine
Come join us...there's more inside you cannot see as a guest!

BOE could step in if Banks underestimate risky loans.

View previous topic View next topic Go down

BOE could step in if Banks underestimate risky loans.

Post  Panda on Thu 10 Jul - 16:38

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10958623/Bank-of-Englands-Andrew-Bailey-says-regulator-could-step-in-if-banks-underestimate-risky-loans.html

That is what Banks do all the time ....underestimate (deliberately I think) the ability of the Mortgagee to repay the Loan.There should be a limit on the price of a house in the U.K. Loan: initial purchase price of the House, add...any money spent on improvements to the Property , add... the current cost of living index . We know that in London prices have gone through the roof, because Oligarks have the money to pay outlandish prices , but something needs to be done because tthhe Housing Boom/Bust affects us all.

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

BOE mulls extra requirements for large Banks

Post  Panda on Fri 11 Jul - 16:34

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10961114/Bank-of-England-mulls-extra-requirements-for-large-banks.html

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum