Post by p2plender on Mar 11, 2019 0:09:03 GMT
Old but gold.
www.moneywise.co.uk/news/2018-07-09/number-risky-mortgages-15
Liam Brooke, chief executive of Lendy, comments: “Banks are still piling into the owner-occupier market and choosing to lend more to risky mortgage borrowers rather than property developers. If just some of this lending went to well-run property developers, it would get more spades in the ground, more houses built and start to alleviate the housing crisis.”
So who did Brooke and co lend to?? Risky mortgage borrowers or property developers? Perhaps a combination of both, risky property developers?
Couldn't make this up, akin to a drink driver dishing out highway code advice.
Perhaps some investors may alleviate the housing crisis by losing their homes and address the concerns he voices above!
Come on FCA.
www.moneywise.co.uk/news/2018-07-09/number-risky-mortgages-15
Liam Brooke, chief executive of Lendy, comments: “Banks are still piling into the owner-occupier market and choosing to lend more to risky mortgage borrowers rather than property developers. If just some of this lending went to well-run property developers, it would get more spades in the ground, more houses built and start to alleviate the housing crisis.”
So who did Brooke and co lend to?? Risky mortgage borrowers or property developers? Perhaps a combination of both, risky property developers?
Couldn't make this up, akin to a drink driver dishing out highway code advice.
Perhaps some investors may alleviate the housing crisis by losing their homes and address the concerns he voices above!
Come on FCA.