It would be nice if a level playing field exsisted where borrowing is concerned, by this I mean the difference bettween secured an unsecured loans. If the intentional borrower has a responsible and secure position and is trustworthy should there
interest rates not be the same as the borrowing secured upon a property. The banks are in an all win scenario making them larger shareholders in anybodys house and if the bottom drops out then the evil banks own most of the country.
Therefore what sort of
fools paradise is the mortgage payer in. The banks will have you all day and night stoking inflation lending money to millions of households thus creating the next but largest sub-prime with negative equity all around. Make the lending market a level playing
field if you have a good salary and are contracted then you should have equal rights to that of any mortgage payer in the land, it is the essence of merit rather than giving champagne tastes with lemonade money to those that borrow against ex-council properties
falsely inflated and sometimes hard to service. Thatcher knew what she was doing but whilst doing this with vastly discounted right to buy she sold out the taxpayer and created the monster of speculative property inflation making people greedy rivals Mrs Thatcher
wherever you are now there is no society.