New Posts For Thread: Advice about negative equity on a househttps://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-houseMy question relates to someone else but I have an interest in the outcome. Rounding up the figures a person owns a second house with a current market value of 170k and his current mortgage debt is 250k. Can he go to the bank and ask them to considerIt would be more accurate to say they are wary of people going bankrupt but not afraid. they can sell their loans to other greedier banks al la the great sub prime fiasco. Banks in this country make billions on house loans they can handle the defaulthttps://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-house?post_id=542674265#542674265It would be more accurate to say they are wary of people going bankrupt but not afraid. they can sell their loans to other greedier banks al la the great sub prime fiasco. Banks in this country make billions on house loans they can handle the defaultSun, 14 Dec 2014 19:01:04 -0600boxingthefox the banks are afraid of being left with properties that have halved in value.https://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-house?post_id=542674121#542674121boxingthefox the banks are afraid of being left with properties that have halved in value.Sun, 14 Dec 2014 18:46:36 -0600lfc1971, that's bollix banks are sharks they will sell"products" to loyal customers regardless. My ex had 16 years branch management experience before becoming a financial advisor. as she was in the top 3 in the country for her bank year on year, wehttps://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-house?post_id=542674067#542674067lfc1971, that's bollix banks are sharks they will sell"products" to loyal customers regardless. My ex had 16 years branch management experience before becoming a financial advisor. as she was in the top 3 in the country for her bank year on year, weSun, 14 Dec 2014 18:41:02 -0600There won't be a massive crash, they'll just kick the can a bit further down the road and print some more money.https://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-house?post_id=542674007#542674007There won't be a massive crash, they'll just kick the can a bit further down the road and print some more money.Sun, 14 Dec 2014 18:33:08 -0600There is only one reason the banks don't want to lend to loyal customers and that is because they know there is a massive crash coming.https://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-house?post_id=542673945#542673945There is only one reason the banks don't want to lend to loyal customers and that is because they know there is a massive crash coming.Sun, 14 Dec 2014 18:27:29 -0600Loyal borrowers are being turned down for the best mortgage deals because banks are scared of breaking new rules, it has been claimed.Homeowners who have never missed a repayment are among thousands being turned away in a crackdown on lending.Banks ahttps://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-house?post_id=542673871#542673871Loyal borrowers are being turned down for the best mortgage deals because banks are scared of breaking new rules, it has been claimed.Homeowners who have never missed a repayment are among thousands being turned away in a crackdown on lending.Banks aSun, 14 Dec 2014 18:22:00 -0600Unfortunately, this is the darker side of 'free money'. Somebody has to pay...always.https://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-house?post_id=542673849#542673849Unfortunately, this is the darker side of 'free money'. Somebody has to pay...always.Sun, 14 Dec 2014 18:20:06 -0600I think he is facked. They might suggest he remortgages the house with the equity if there is enough to cover the shortfall.https://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-house?post_id=542673809#542673809I think he is facked. They might suggest he remortgages the house with the equity if there is enough to cover the shortfall.Sun, 14 Dec 2014 18:16:20 -0600Must be N. Ireland, the same thing will happen in England.https://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-house?post_id=542673795#542673795Must be N. Ireland, the same thing will happen in England.Sun, 14 Dec 2014 18:14:54 -0600He took out another mortgage on this house at around the peak time to finance a bigger house in the country and since then prices have fallen about 50% in the area I live.https://community.betfair.com/chit_chat/go/thread/view/94038/30402469/advice-about-negative-equity-on-a-house?post_id=542673729#542673729He took out another mortgage on this house at around the peak time to finance a bigger house in the country and since then prices have fallen about 50% in the area I live.Sun, 14 Dec 2014 18:09:55 -0600