Blog > Real Estate > Blog article: Real Estate Investing: England’s mortgage crunch will get much worse
 | Email This Article Email This Article  | 

Real Estate Investing: England’s mortgage crunch will get much worse

Posted April 4, 2008

“But according to the Bank of England’s latest quarterly Credit Conditions survey, over the next three months lenders expect to cut lending further, raise charges, and be more demanding on terms, such as hiking deposit levels, for example. So it’s little wonder that the IMF reckons Britain is one of the countries most vulnerable to a property crash.” — John Stepek

by John Stepek

Baltimore – (TFN):  The credit crunch is set to get even worse.

In a week where we’ve seen some lenders pull out of the mortgage market altogether – if temporarily – and others raise interest rates substantially in the hope of putting off customers, many borrowers may be wondering how much worse it could get.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Renegade Options Trader, Ian Cooper, uses the Same Science Behind Google’s Success to Trade for 552%

Six years ago, his track record mysteriously started to take off. 302% gains, then 515% and 552.17%. As a result, his picks have been splashed everywhere, from the pages of Forbes and Investor’s Business Daily to television spots up and down the dial.

Rumor has it that his unstoppable track record is aided by a little-known ability to manipulate Google’s one-of-a-kind algorithm and he is about to share his “secret” with a small group of investors that could make an absolute fortune. Click here to find out more.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

But according to the Bank of England’s latest quarterly Credit Conditions survey, over the next three months lenders expect to cut lending further, raise charges, and be more demanding on terms, such as hiking deposit levels, for example.

So it’s little wonder that the IMF (International Monetary Fund) reckons Britain is one of the countries most vulnerable to a property crash… Read on to learn more.

****Make sure you sign up for our free TFN News Feed for breaking news, special reports and new financial videos. You can pick your favorite reader . Or if you prefer, you can have the feed delivered to your email.


Related Articles


Posted by John Stepek · Filed Under Real Estate 

Comments

close Reblog this comment
Powered by Disqus · Learn more
blog comments powered by Disqus