Will You Be Shopping At Boots This...
News4 mins ago
A Good Thing Or A Bad Thing?
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I am struggling to understand the opposition to this.
Not that very long ago Banks and buildo's were being castigated for lending money too easily, now when rules are tightened the usual crowd comes out moaning.
It all seems common sense to me. Financial institutions should lend responsibly and ensure you have the potential to pay back both now and in the future as much as possible.
It was certainly done when I was younger. No online faceless stuff, meeting with the Bank manager, supply bills and wage slips etc, max multiple of 2.5 times and with a 10% min deposit, more from many. And if you didn't have 30% then you were forced to pay for an indemnity for the Buildo/Bank.
So what are ABers views, should this happen or should we allow wanton lending as happened in the near past?
I am struggling to understand the opposition to this.
Not that very long ago Banks and buildo's were being castigated for lending money too easily, now when rules are tightened the usual crowd comes out moaning.
It all seems common sense to me. Financial institutions should lend responsibly and ensure you have the potential to pay back both now and in the future as much as possible.
It was certainly done when I was younger. No online faceless stuff, meeting with the Bank manager, supply bills and wage slips etc, max multiple of 2.5 times and with a 10% min deposit, more from many. And if you didn't have 30% then you were forced to pay for an indemnity for the Buildo/Bank.
So what are ABers views, should this happen or should we allow wanton lending as happened in the near past?
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