Monday, August 30, 2010

Homebuyers could be forced to pay bigger deposits in plan to cap mortgage lending | Mail Online

Homebuyers could be forced to pay bigger deposits in plan to cap mortgage lending | Mail Online

Good grief, another knee jerk reaction to the mess created by the regulators, the controls in place before the 1980s were insane, the lending binge of the 2000s created by securitised lending practices copied from the US was insane, now we see another period of insanity before us! Society is in dire need of regulatory balance, I see none.

The UK needs long-term lending stability which allows people with aspirations to own their home, this is not a solution it is a future problem, but of course by the time this carbuncle has festered sufficiently the politicians and policy makers will have moved on leaving the rest of us to suffer the consequences of policy on the hoof.

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