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Every headline now in the MSM is sadly what we all saw coming 3-6 years ago. The F.I.R.E roof has fallen in & its like a run-a-way nuclear reactor. Those little Buy-to-Let bastards are also in for bad news.
Regardless of the BOE rates, banks need capital....We hear that:-
Loan rates ARE going up next year
Worse (Brill) news for them is a major US hedge fund has bought £1.5 Billion worth of loan book off Llyods............which up to now has backed off getting nasty. I fully expect (Hope) that these Yanks go for a "Scorched Earth" policy & strip as much as fast as they can.....BABY!
Take no prisoners!.................If the Buy-2-Let can't cover a margin call on the falling value of his houses F*ck him, Repo the Houses & his OWN !!!!!
Mike
Every headline now in the MSM is sadly what we all saw coming 3-6 years ago. The F.I.R.E roof has fallen in & its like a run-a-way nuclear reactor. Those little Buy-to-Let bastards are also in for bad news.
Regardless of the BOE rates, banks need capital....We hear that:-
Loan rates ARE going up next year
Worse (Brill) news for them is a major US hedge fund has bought £1.5 Billion worth of loan book off Llyods............which up to now has backed off getting nasty. I fully expect (Hope) that these Yanks go for a "Scorched Earth" policy & strip as much as fast as they can.....BABY!
Take no prisoners!.................If the Buy-2-Let can't cover a margin call on the falling value of his houses F*ck him, Repo the Houses & his OWN !!!!!
Mike
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