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WillowTheWhisp · 13-07-2004, 11:35

People are often not able to borrow minimal amounts on their property because building societies/banks will not lend minimal amounts.

I wanted to transfer my mortgage to another company because the one I'm with at present has a higher interest rate than most. This repayment mortgage has been decreasing over the years and now there isn't enough of it for any other company to even consider.

If people are encouraged to borrow more than they would originally have asked for doesn't this also contribute to silly asking prices for houses?

13-07-2004, 11:35	#17
WillowTheWhisp Resident Waffler Join Date: Jun 2004 Location: Accrington, Hyndburn Posts: 18,142 Blog Entries: 14 Liked: 14 times Rep Power: 1062	Re: Houseprices...grrrr... People are often not able to borrow minimal amounts on their property because building societies/banks will not lend minimal amounts. I wanted to transfer my mortgage to another company because the one I'm with at present has a higher interest rate than most. This repayment mortgage has been decreasing over the years and now there isn't enough of it for any other company to even consider. If people are encouraged to borrow more than they would originally have asked for doesn't this also contribute to silly asking prices for houses? __________________