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denphone · 19-12-2011, 12:31

While it will make it harder for people to get mortgages as they will need a 20% deposit it will also make sure that some people will not overstretch themselves which in the long run is a good thing although one effect which might happen is house ownership might might decline for a while yet as it has already decline by 3%.

19-12-2011, 12:31	#2
denphone Still alive and fighting Join Date: Jun 2007 Location: In the land of beyond and beyond. Services: XL BB, 3 360 boxes , XL TV. Posts: 56,693	Re: New mortgage rules on the way While it will make it harder for people to get mortgages as they will need a 20% deposit it will also make sure that some people will not overstretch themselves which in the long run is a good thing although one effect which might happen is house ownership might might decline for a while yet as it has already decline by 3%. __________________ “The only lesson you can learn from history is that it repeats itself”