12-07-2008, 04:51 PM
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Senior Member
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Join Date: Jan 2008
Posts: 92
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Quote:
Originally Posted by JonDavies
Cannot agree more. The banks will be very cautious for a long time. We've a way to go before we hit bottom IMHO.
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Jon & Investy
Of course you're right...
However, I'm also deeply involved with large-scale funding and privvy to a variety of systems which the top 25 world banks employ with these big funds.
Apparently, the most favoured is about to be piloted in Europe - don't know where - from early next year. The system will provide massive security for the banks while offering their customers a far more stable route to follow.
Knowing how well this works in structured finance transactions there's a good chance it will succeed. Probably the biggest losers however will be the buy-2-let landlords of at least the future. Or, any existing who need to refinance from 2010 onwards.
Am looking into creating a complimentary service in advance of the banks / building societies, hence no details for the moment.
One thing is for sure, if they proceed, it'll be the largest shake-up in the mortgage system ever...and about time too. Hopefully most will applaud this creative but intellligent advance.
Keep seeking good property investments everyone...
Olly
PS: As a result, it will slow the property markets of the future. Everyone will need a greater personal stake in the transaction.
Last edited by Olly; 12-07-2008 at 04:54 PM.
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