Credit crunch hits the UK mortgage market - crash coming?

The credit crunch is hitting the UK mortgage market - another sign that house prices are set for a fall: "The high street lenders are putting the squeeze on borrowers. The deals are disappearing, almost daily..." (ITV News at Ten, 02/04/08)

Category:

News & Politics

Tags:

• mortgages
• property
• economy
• interest
• rates

[bacaca88]

3 months later and much worse. Next forcast - civil unrest, strikes and kicking out the Labour Gvt. New anti-immigration policies and a move to the right. Higher taxes/new taxes on the employed to pay for the weak/support the rich. Alternative is to vote for a new Gvt other than Tory/Labour. Try the green party or Lib Dems. Better the Green Party as they care for the environment.

[bacaca88]

For all you saddos now fucking up, please read my post 6 months ago (below). An extra message to you - things are going to get much worse for you all. Far worse than you can even imagine. And, you deserve this for living on cash you do not have. Enjoy life on the dole tossers.

[jamessmedley82]

Yeah,but in the UK there is no risk of being eaten by a croc or ripped apart by a dingo.

[tauntonmad]

I am going to emigrate to Australia. Better managed econemy, no self serving politicians! Better weather, lower cost of living, no high taxes, better wages even for the poor. Better eduction system and better healthcare (even if you do have to pay for it, you won't die of MRSA!) That is where I am going and rot in hell the lot of you!

[BetterthanSchuey]

I'm glad that I've never had a mortgage, the property market in this country is a complete joke, that's the only favour the employment service has done me, the only things I'm after is an MSc and a Car, the property market can get stuffed

[waderm810]

anyone that i have sold to over the past two years is so over it hurts, i am leaving this industr with a heavy heart.

[bacaca88]

There is a big panic in the UK about this and quite rightly; UK is floating on a sea of credit and is about to sink. New measures announced will not work and there is going to be a big housing crash. Now many will know what others went through in th 80's (interest rates then were as high as 17% by the way).

[RepossessionInfo]

There are many options available to Homeowners who are facing repossession. Unfortunately, many of the banks and mortgage companies would rather take possession rather than come to any kind of solution.

[ofInterestNZ]

Auckland's biggest real estate agency group, Barfoot and Thompson, has reported sales volumes fell 56.2% in March from a year ago, although the average sale price rose 5% in February from March. The average price has however fallen 7.4% from the same month a year ago.