{"id":137481,"date":"2023-06-22T04:30:51","date_gmt":"2023-06-21T21:30:51","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lets-not-pretend-labour-has-found-a-way-to-defuse-the-mortgage-timebomb-nils-pratley\/"},"modified":"2023-06-22T04:48:52","modified_gmt":"2023-06-21T21:48:52","slug":"lets-not-pretend-labour-has-found-a-way-to-defuse-the-mortgage-timebomb-nils-pratley","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lets-not-pretend-labour-has-found-a-way-to-defuse-the-mortgage-timebomb-nils-pratley\/","title":{"rendered":"Let\u2019s not pretend Labour has found a way to defuse the \u2018mortgage timebomb\u2019 | Nils Pratley"},"content":{"rendered":"


\nStarmer and his party seem to have concluded direct support for homeowners cannot be justified \u2013 but it\u2019s smart politics to be seen to take on the banksLabour\u2019s \u201cfive-point plan\u201d to ease the pain in the mortgage market can be boiled down to a single idea: get heavy with the lenders \u2013 the banks and building societies \u2013 to make them play nicely with over-stretched borrowers.One cannot call it a radical idea, however. First, it\u2019s in the interests of lenders themselves, up to a point, to be flexible by, say, lengthening the term of the loan, granting a payment holiday or allowing a borrower to switch to interest-only arrangements for a while. Second, many banks say they already have such policies in place, even if critics say they\u2019re not advertising them with enthusiasm. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Let\u2019s not pretend Labour has found a way to defuse the \u2018mortgage timebomb\u2019 | Nils Pratley<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Starmer and his party seem to have concluded direct support for homeowners cannot be justified...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-137481","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zLr","jetpack-related-posts":[{"id":61476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weak-mortgage-income-hurts-us-regional-lenders\/","url_meta":{"origin":137481,"position":0},"title":"Weak mortgage income hurts US regional lenders","date":"July 22, 2017","format":false,"excerpt":"\r Higher interest rates hurt earnings of regional banks in the second quarter, mirroring big banks.\r \r Source : cnbc.com\r Read more...Weak mortgage income hurts US regional lenders","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/city-watchdog-asks-banks-how-they-will-support-mortgage-borrowers\/","url_meta":{"origin":137481,"position":1},"title":"City watchdog asks banks how they will support mortgage borrowers","date":"September 30, 2022","format":false,"excerpt":"\r Talks held between FCA and lenders over concern millions could struggle to afford higher paymentsLive coverage of the economic crisisThe current economic jargon explainedThe City watchdog is asking banks how they plan to step in and support struggling mortgage borrowers, as lenders such as Virgin Money relaunch home loans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lenders-put-up-interest-payments-before-banks-base-rate-hike\/","url_meta":{"origin":137481,"position":2},"title":"Mortgage lenders put up interest payments before Bank\u2019s base rate hike","date":"September 22, 2022","format":false,"excerpt":"\r Banks and building societies increased charges that could add thousands to some people\u2019s home loan costsBanks and building societies had already begun putting up mortgage interest payments before the Bank of England announced its latest base rate hike to 2.25% \u2013 piling more pressure on homebuyers and owners.For some,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82915,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lenders-taking-increasing-risks-warns-bank-of-england\/","url_meta":{"origin":137481,"position":3},"title":"Mortgage lenders taking increasing risks, warns Bank of England","date":"March 16, 2018","format":false,"excerpt":"\r Threadneedle Street puts banks on notice as it prepares for annual stress test of resilienceThe Bank of England has warned high street banks are taking increasing risks selling mortgages and commercial loans that could threaten the stability of the financial system if left unchecked. Threadneedle Street put banks on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jeremy-hunt-meets-uks-biggest-lenders-in-effort-to-quell-mortgage-crisis\/","url_meta":{"origin":137481,"position":4},"title":"Jeremy Hunt meets UK\u2019s biggest lenders in effort to quell mortgage crisis","date":"June 23, 2023","format":false,"excerpt":"\r Hopes of banks and building societies giving extra help to households after interest rate riseBusiness live \u2013 latest updatesJeremy Hunt is meeting with the leaders of Britain\u2019s biggest lenders in Downing Street on Friday in an attempt to quell the growing crisis in the mortgage market sparked by rapidly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19084,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banking-on-a-mortgage-what-do-lenders-require-for-an-application-to-be-successful\/","url_meta":{"origin":137481,"position":5},"title":"Banking on a mortgage? What do lenders require for an application to be successful?","date":"July 8, 2016","format":false,"excerpt":"\r Yip King-keung is the founder of Hong Kong Mortgage Consultants. He talks about what banks consider as key requirements in a mortgage loan application.\r \r Source : South China Morning Post\r Read more...Banking on a mortgage? What do lenders require for an application to be successful?","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137481"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=137481"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137481\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=137481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=137481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=137481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}