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Bank set to burst housing bubble by curbing loans

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  • #1

    Bank set to burst housing bubble by curbing loans

    Bank set to burst housing bubble by curbing loans

    This is a duplicate of the Blog Entry made on 25th May 2014 20:07.

    *Royal Bank of Scotland expected to follow Lloyds and cut London lending before crackdown* Lenders are facing a regulatory crackdown as the Bank...

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    Tags: bank, bank of scotland, banks, british, bubble, cash, cash buyers, crackdown, debt, housing, housing bubble, income, land, lenders, lending, lloyds, loan, loans, london, mortgage, regulatory, royal bank, royal bank of scotland, salary, scotland, size
  • #2
    Re: Bank set to burst housing bubble by curbing loans

    So British banks decide to "curb" mortgage lending to British nationals which means "foreigners" can buy up the UK housing stock since they're cash buyers. Not good.

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    • #3
      Re: Bank set to burst housing bubble by curbing loans

      Isn't a mortgage of more than 4 times income really irresponsible lending. In days of old it was 2.5 or 3 times salary

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